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Explain How a Technological Advancement in One Sector of the Economy

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Essay

Explain how a technological advancement in one sector of the economy can lead to a change in the number of people who work in another sector of the economy.Give an example to help support your answer.


Definitions:

Conflicting Duties

Situations where an individual or entity has responsibilities that are at odds with each other, making it difficult to fulfill both.

Apparent Authority

Apparent authority refers to a situation where a reasonable person would understand that an agent has the authority to act on behalf of a principal, even if the agent does not have actual authority.

Business Expenses

Costs incurred in the operation of a business, which are typically deductible from the business income for tax purposes.

Personal Expenses

Outlays or expenditures that individuals make for personal, non-business activities, goods, or services.

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