Transformation in the Institutions of Work and Economy due to Technology
The revolution or transformation in the institutions of work and economy due to technology came about through a shift in the means of production and of consumption. Means of production refers to the process by which the production of material goods is carried out in a society. In today's world this process is carried out by people, with the major product being knowledge and/or information, not through factories or machines. Means of consumption is the process by which the consu
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