Question
Download Solution PDFWhich of the following shows modernization to increase the production of goods and services?
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe correct answer is Adoption of new technology.Key Points
- The adoption of new technology shows modernization increases the production of goods and services.
- New technologies and their adoption were to increase production, productivity, and farm incomes.
- Major technologies that can help in this sector:
- DIGITAL EMPLOYEES
- INTERNET OF THINGS
- ARTIFICIAL INTELLIGENCE
- VIRTUAL & AUGMENTED REALITY
- BLOCKCHAIN
- 3D PRINTING
- DRONES
- ROBOTICS & AUTOMATION
Additional Information
- Production Goods and Services means goods and services including
- production and service parts,
- components, assemblies and accessories,
- raw materials,
- tooling and
- design, engineering or other services.
- Any increase in production leads to economic growth that is measured by GDP.
- It represents the total production of all goods and services in an economy.
Last updated on Jun 17, 2025
-> The SSC has now postponed the SSC CPO Recruitment 2025 on 16th June 2025. As per the notice, the detailed notification will be released in due course.
-> The Application Dates will be rescheduled in the notification.
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