Technology Changes Have a Double-Edged Sword for Business - It

question 8

True/False

Technology changes have a double-edged sword for business - it can create new industries and destroy old ones.

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Definitions:

Equality of Opportunity

The principle that all individuals should have the same chances to pursue economic or personal achievements, regardless of their background.

Equality of Outcome

The concept of ensuring that individuals or groups achieve the same results, often through redistributive policies.

Democratic Forms

Various structures or systems of government in which power is held directly or indirectly by the people, typically through elected representatives.

Government Weaknesses

Government weaknesses refer to the limitations, inefficiencies, and flaws within the structure and functioning of a government, which can hinder its effectiveness and service to the public.