Explain How Changes in Technology Affect and Change the Demand

question 76

Essay

Explain how changes in technology affect and change the demand for labor.Distinguish between situations in which a particular type of technological change increases the demand for a particular type of labor and those in which it decreases the demand for a particular type of labor.

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Definitions:

Ethics

The branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong behavior.

Right And Wrong

Philosophical concepts that define behaviors or actions as acceptable or unacceptable based on moral, ethical, or legal standards.

Ethics

Ethics is the branch of philosophy that deals with questions about morality, values, and principles of right and wrong behavior.

Responsibility

The obligation to carry out duties or tasks effectively and being accountable for the outcomes.