he county live. Technology is often considered the key to a nation's economic growth. Most economists would say that it is one of the factors in economic growth, but they would probably disagree about its importance.Technology can increase productivity to help countries compete with other countries in selling goods and services. Some say that without technological improvements, the economy would grow slowly or not at all. Society could remain the same for years, somewhat like the early Middle Ages in Europe, in which there was little economic change for hundreds of years. Ways to manufacture goods have changed continuously through history. Today, several important new advances in technology are transforming. These technologies create new products; most of them also change the way people in society interact. These technologies have a tremendous impact on our monetary resources. Some of the technologies that are having the greatest effect on the economy is: robotics, automation and computerization.A small number of decisions we make play a major role in shaping many other areas of our lives. For example, when we decide what (and how) we will consume, a huge system of farms, distributors, stores, manufactures, restaurants etc these respond directly to those desires. One of the most important decisions we make concerns the way we move our commodities and ourselves. Our system of transportation greatly affects how we use energy, develop technology, affect the economy and environment, and shape our social relationships.When Henry Ford was starting out on his remarkable career in Detroit, a bustling town that gave full vent to the creative energies of some amazing innovators, the economy of was showing enormous cracks. But at the time, even the most prescient of fortune-tellers would have had trouble forecasting what was about to happen. Carriage and buggy-whip makers were still turning handsome profits in a growing market, and the few cars o...
