Economists Define Technology as

question 142

Multiple Choice

Economists define technology as

• A) machines such as computers.
• B) entrepreneurship.
• C) absolute advantage.
• D) society's knowledge concerning the production of goods.

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Definitions:

Advantages

Competitive benefits or strengths that a business has over its competitors, which can be leveraged for success.

Impatience

A lack of patience or an eagerness to act or get results quickly, often without waiting for the natural course of events.

Attractive Harvest

A term in venture capital and entrepreneurship referring to a situation where the returns from an investment are significantly high and appealing.

Greed

An excessive desire for wealth or possessions, often disregarding ethical standards.