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Discuss Why Economic Viability Must Be Considered When Making Technology

question 81

Essay

Discuss why economic viability must be considered when making technology decisions. Provide an example of a current idea or product and its economic viability.


Definitions:

China

The world's most populous country, with a complex economy that is one of the largest globally and a rich cultural history.

Soviet Union

A former federal socialist state in Eastern Europe and Northern Asia, existing from 1922 until its dissolution in 1991, comprising multiple Soviet republics.

Communist System

A political and economic system aiming for a classless society, where the means of production are owned and controlled by the community as a whole.

Consumer Decisions

This term refers to the choices made by individuals or groups regarding the consumption of goods and services.

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