The Foundations of Modern Manufacturing and Technological Breakthroughs Were Inspired

question 72

Multiple Choice

The foundations of modern manufacturing and technological breakthroughs were inspired by the creation of the mechanical computer by:

• A) Charles Babbage.
• B) James Watt.
• C) Eli Whitney.
• D) Frederick Taylor.

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Definitions:

Market Equilibrium

A market state where the supply of goods matches demand, resulting in stable prices where the quantity of goods buyers are willing to buy equals the quantity sellers are willing to sell.

Output

The overall production of merchandise or services by a corporation, field, or the economic environment.

Quantity

The amount or number of a material or immaterial entity that is considered separately.

Subsidy

A financial contribution granted by a government or organization to support a business, industry, or activity, making it more affordable or viable.