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Mechanization of Agriculture
The process of using agricultural machinery to automate the work on farms, increasing productivity and efficiency in food production.
New Economy
Refers to economies based on digital, telecommunications, and information technology innovations that fuel economic growth and productivity.
Technological Change
The innovation or adoption of new or improved technologies, which can enhance productivity, efficiency, and quality of life.
Low Unemployment
A situation where a very small percentage of the labor force is not engaged in gainful employment, indicating a healthy economy.
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