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Using Technology Such as Robots and Computer-Controlled Machinery to Shift

question 57

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Using technology such as robots and computer-controlled machinery to shift from mass production to custom order manufacturing is referred to as


Definitions:

High-Income

Refers to individuals, households, or countries that earn significantly above the average income level, often associated with greater disposable income and purchasing power.

Per Capita Income

The average income earned per person in a given area or country, calculated by dividing the total income by the population.

Income Gap

The disparity in the distribution of income among different groups within a population, often between the rich and the poor.

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