According to the principles of basic, core economics, the shift of the economy from being labor-intensive to being machine and automation intensive, is considered a sign of development.
1627452687_ifgaWO_online_education.png We have been conditioned to see the rise of automation and robotics in the secondary sector as a threat when it is full of opportunities. It has the potential to lift mass sections of people out of poverty. This is not to say that it does not come with its own set of challenges, but those challenges can be tackled if we understand some core principles of economics.
According to the […]
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