Which of these is an example of automation benefiting producers? New machines allowing a factory to produce goods using fewer workers New shipping methods allow a producer to manufactured goods overseas New manufacturing plants open in areas where labor costs are cheaper New education is provided to workers to operate new machinery
Full Answer
What is an automation process which benefits the producer?
New education is provided to workers to operate new machinery. An automation process which benefits the producer is New machines allow a factory to produce goods using fewer workers. What is automation? Automation refers to the use of machines to make work faster and easier. The benefits of an automation process includes:
What are some examples of automation in economics?
For example, ATM cash machines are a very simple example of automation which enables people to get cash when banks are closed. Lower costs of production enable lower prices, leading to more disposable income to be spent on a wider range of services.
What are the benefits of automation in the food industry?
Automation enables consumers to be able to customise the size, look and function of your fridge – rather than just picking a standard model from the assembly line. Automation can also enable shorter lead times, quicker delivery and more efficient use of stock and cash flow.
How can automation help reduce labor costs?
Costs associated with recruitment, hiring and training are another indirect labor cost that automation can help to reduce. These costs, as well as the costs associated with leaving essential positions unfilled, are well-known to manufacturers; by 2030, the skills gap in manufacturing is expected to leave 2.
What is the best definition for automation?
1 : the technique of making an apparatus, a process, or a system operate automatically. 2 : the state of being operated automatically. 3 : automatically controlled operation of an apparatus, process, or system by mechanical or electronic devices that take the place of human labor.
How can the use of new technology and industry benefit producers?
How can the use of new technology in industry benefit producers? Producers can transport goods around the world.
What are the benefits of instant communication and sales for customers?
Companies can ship goods to customers in an instant. Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online. Customers can give feedback to producers instantly.
How does the use of new technology in industry benefit consumers?
How can the use of new technology in industry benefit consumers? Consumers have greater access to information. What is one way that technology can improve the distribution of goods? Container ships can transport a number of goods at once.
What is one way that technology can improve the production of goods websites can allow consumers to purchase goods online?
What is one way that technology can improve the production of goods? Websites can allow consumers to purchase goods online. Container ships can transport a number of goods at once. Automation can create goods more cheaply and easily.
What are the benefits of instant communication and sales for consumers choose three answers?
What are the benefits of instant communication and sales? Companies can ship goods to customers in an instant. Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online.
What are some benefits to private ownership select three answers?
Private ownership can make it possible for a business to earn money. Private ownership might help a person move to another economic class. Private ownership allows a person to own goods that may increase in value. Private ownership can make it possible for a business to earn money.
Which statements describe effects of changes in information technology check all that apply?
Statement 3, 4 and 5 are describe effects of changes in information technology. Explanation: Changes in information technology create both positive and negative effect.
How do economics use data?
Economic data provide an empirical basis for economic research, whether descriptive or econometric. Data archives are also a key input for assessing the replicability of empirical findings and for use in decision making as to economic policy.
How can I use a new technology and industry benefit the US government?
How can the use of new technology in industry benefit the US government? The government can purchase materials from anywhere. The government can rely on automation to reduce costs. The government can react to economic changes quickly.
How would a manufacturer benefit by using fewer scarce resources?
How would a manufacturer benefit by using fewer scarce resources? The product would be less expensive to produce.
What is the best definition of technology technology is replacing?
Technology is replacing human workers with mechanical or electronic devices. b. Technology is applying scientific knowledge to find answers and fix problems.
Answer
Answer: A. New machines allow a factory to produce goods using fewer workers.
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What is robotics in manufacturing?
The use of robotic equipment in a manufacturing process. The application of scientific knowledge to find answers and fix problems. The use of resources to manufacture goods more efficiently. the hiring of workers from all over the world to manufacture goods. The use of robotic equipment in a manufacturing process.
How can technology help governments?
Technology can help governments handle economic emergencies, such as. The reliance on automation. Crop and resource shortages. The fall of the unemployment rate. Instant sales and communication. Crop and resource shortages.
Can businesses be available for customers 24 hours a day?
Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online. Customers can give feedback to producers instantly. Employers can hire workers from all over the world. Businesses can be available for customers 24 hours a day. Customers can purchase goods and services online.
Why is automation important?
From dispensing ingredients to assembling parts and everything in between, automation improves consistency across the process and in the final product, improving quality and reducing costs of product defects.
What are the benefits of automation?
Giving repetitive, dangerous, close-proximity work over to machines also has multiple benefits. 1. Reduced Direct Labor Costs. Reduced labor costs are one of the first benefits of automation that comes to mind.
Why is automation important in manufacturing?
In these situations, automation not only presents an opportunity to reduce costs and improve efficiency, but also reduce the human costs— workplace injuries and illness.
Why is it important to give dangerous tasks over to machines?
Giving dangerous and monotonous tasks over to machines and reducing the total number of workers in a facility has the potential to reduce the spread of illness and reduce workplace injuries, while also reducing costs. For these machines to perform properly, installation and verification are essential.
Why is automated equipment better than human equipment?
By contrast, humans perform better when tasks are engaging, requiring critical thinking and multiple skill sets.
Why do we need to place sensors at key points in a process?
By placing sensors at key points in the process, managers can track variation and maintain accuracy, or make corrections to improve the process.
Is manufacturing dangerous?
Looking at work-related injuries, manufacturing is one of the most dangerous industries, second only to social assistance occupations, such as emergency response. Research shows automation can reduce three out of the five leading causes of workplace injuries, including contact with harmful objects, heavy lifting, and repetitive stress injuries.
How does automation affect the economy?
Automation enables firms to reduce number of workers, and this limits the power of trades unions and potentially disruptive strikes . Automation also enables a greater economy of scope.
How does automation benefit society?
In addition to the benefits accruing to firms, automation can have various benefits for wider society. Consumers have gained the convenience of greater choice of goods and services. For example, ATM cash machines are a very simple example of automation which enables people to get cash when banks are closed.
Why is automation important in refrigerators?
Automation enables consumers to be able to customise the size, look and function of your fridge – rather than just picking a standard model from the assembly line. Automation can also enable shorter lead times, quicker delivery and more efficient use of stock and cash flow.
What is automation in manufacturing?
Automation refers to the process of automatically producing goods through the use of robots, control systems and other appliances with a minimal direct human operation. Within manufacturing industries, automation has led to increased labour productivity as fewer workers are needed to produce the same number of manufactured goods.
What are the downsides of automation?
A perceived downside of automation is that it leads to jobs being displaced in traditional areas of work – in particular, ’blue-collar’ manufacturing jobs. Less visible is how the process of automation leads to the creation of new jobs in areas such as robot manufacture, research, marketing and software development.
Is automation a win or a loser?
It can create winners and losers. Some will benefit significantly from automation – owners of more profitable factories, and software developers. However, those who lose jobs from the process of automation, may struggle to gain equivalent employment.
Does automation increase corporate profit?
Automation may increase corporate profit, but not necessarily median wages. Since 2008, we have seen a rise in real GDP, but median wages have stagnated. Company profit has increased, but the share of tax revenue paid by companies is not increasing.