Impacts of Technology on Production

Cards (1)

    • Production Costs: Automation (e.g., robots) lowers costs by reducing the need for human labor, allowing continuous operation.
    • Productivity: Machines and automation increase output per unit, reducing cost per item.
    • Quality: Technology improves consistency, producing a high standard of quality repeatedly.
    • Flexibility: Modern technology allows machines to switch tasks more easily, though traditionally, machines were less adaptable.