The Phenomenon Whereby More Than One Technology Is Combined to Create

question 47

Short Answer

The phenomenon whereby more than one technology is combined to create a new technology best describes __________________.

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Definitions:

Francs

Currency units formerly used in France and currently used in some countries of the Francophone world, including Switzerland and some African countries.

Consumption

The use of goods and services by households, contributing to their satisfaction and utility.

WARP

An abbreviation for the Weak Axiom of Revealed Preference, a concept in economics that relates consumer choice to their preferences.

Bundle

A combination of goods or services that is considered together as a single composite good.