The Technological improvements lead to the increased productivity.
EXPLANATION:
When the technology is improved then the goods and service production becomes faster and efficient.
This leads to the increased sales and profits increasing the productivity and efficiency.
Increase in technology like the availability of internet service or transportation enhancement has helps the industries in drastic saving in time and manpower.
This led to the increased productivity of industries in long run.
The technological inputs will leads to a greater technological output and thus increase the productivity of a place and thus give rise to the effective distribution of resources around the world.
The increase in the technical efficiency or the advancement of the tools and techniques also with the growth of the automation and the removal of the manual labor accurate and timely output will be generated with fewer chances of error.
Thus the technological improvement has revolutionized the world from the beginning of the globalization and industrialization.
