Mell What type of nation is in the early stages of industry and technology?
Therefore the correct answer is “c., developing nations”.
Which of the following is the best definition of technology?
The best definition of technology is the following: Technology is applying scientific knowledge to find answers and fix problems. It is the usage of science and scientific knowledge for practical purposes. All other statements are consequences of applied technology. Technology includes methods, systems, and devices.
What was Karl Marx’s critique of industrial society and how did he propose to fix it?
What was Karl Marx’s critique of industrial society and how did he propose to fix it? solution was communism, which advocated a classless society that shared all wealth equally.
What is meant by industrialization?
Industrialization is the process by which an economy is transformed from a primarily agricultural one to one based on the manufacturing of goods. Individual manual labor is often replaced by mechanized mass production, and craftsmen are replaced by assembly lines.
Which is the first stage of an industry?
The introduction phase is also called the start-up stage. In this stage, the industry launches its product in the market for the very first time. If it is a brand -new technology like the personal computer was once upon a time, then at first it might be a considerable risk launching the product.
When does an industry go through a life cycle?
In many industries, the industry might get stuck at the maturity stage whereas other industries might decline over time. When we hear the phrase “life cycle”, the first thing that comes to our mind is how a person or any animal has a life cycle. How they got through different stages in their lives.
When does an emerging industry come into existence?
An emerging industry typically consists of just a few companies and is often centered around new technology. Emerging industries frequently come into existence when one technology begins to eclipse and replace an older technology.
How long does the startup stage of an industry last?
These stages can last for different amounts of time, some can be months or years. At the startup stage, customer demand is limited due to unfamiliarity with the new product’s features and performance. Distribution channels are still underdeveloped, so there are very few product supply and promotional activities.