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Robots Are Not as Useful in Service Industries as They

question 90

True/False

Robots are not as useful in service industries as they are in manufacturing industries.


Definitions:

Market System

An economic system based on supply and demand where prices are determined in a free price system.

Consumer Sovereignty

The theory that consumers' preferences determine the production and sale of goods and services in a market.

Bitcoin Miners

Individuals or companies that use computer hardware to validate Bitcoin transactions and secure the network, earning bitcoins in return.

Low-cost Production

Manufacturing or production processes optimized to minimize costs, often through economies of scale or efficient methods.

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