Who Are the Major Beneficiaries of Technological Change

question 52

Short Answer

Who are the major beneficiaries of technological change?

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Definitions:

Positive Economics

A branch of economics that seeks to describe and explain the economy as it actually is, without making judgments about its effectiveness.

Judgments

Decisions or conclusions reached after consideration, often in a legal context or in personal assessment.

Empirical Economics

The branch of economics that focuses on using data and statistical methods to analyze and test economic theories.

Economic Theories

The principles and models that aim to explain how economies work and how economic agents interact.