How can the use of new technology in industry benefit producers?

Producers can purchase services online.
Producers can buy goods 24 hours a day.
Producers can contact companies instantly.
Producers can transport goods around the world.

Use of new technology in industry benefit producers as

Producers can transport goods around the world.

Producers can purchase services online

Explanation:

Use of new technology in industry always benefits producers as they are able to find new avenues where they can sell their produce or can find more effective ways of making their produce and to make it more easy to make and to increase their profit margins.

All of this is achievable when the producer is able to access their consumer more easily than before an they are able to transport the goods wherever they wish to.

This is also true when the producer has more flexibility on where to buy and get work done.

1. seasonal

2. frictional unenployment

3. the number of the labor force multiplied by 100 and then subtract the number of unemployed.

4. 4%

5. an increase in prices

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