Briefly explain how information technology enhances productivity in an economy

      

Briefly explain how information technology enhances productivity in an economy

  

Answers


Faith
Information technology allows many people to participate in the labour market. These include people with more work flexibility and people with disabilities.

Information technology also enables people to be self employed and also led to the development of equipment for use by disabled people.

Information technology avails the tools required by managers to make better decisions hence improving firm performance such as digital dashboards that bring minute to minute changes in the market and the firm's vital signs to the executives computer.

Information technology has led to the creation of globalized markets through the use of Visa for money transfers across borders and emails and other telecommunication services that allow communication across borders.
Faimus answered the question on February 10, 2018 at 15:52


Next: What are the main factors that determine the choice of data processing model to be used by a firm
Previous: Discuss the useful metrics used to estimate various maintenance tasks.

View More Economics Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions