(a) What is the effect of technological advancement on supply curve? (b) How can a developing country prepare itself to achieve economic progress ?

(a) What is the effect of technological advancement on supply curve?

1.	(a) What is the effect of technological advancement on supply curve? (b) How can a developing country prepare itself to achieve economic progress ?
Answer» <html><body><p></p>Solution :(b) Production and supply should be increased to achieve economic progress. In <a href="https://interviewquestions.tuteehub.com/tag/economically-448598" style="font-weight:bold;" target="_blank" title="Click to know more about ECONOMICALLY">ECONOMICALLY</a> backward countries, there is <a href="https://interviewquestions.tuteehub.com/tag/shortage-1206161" style="font-weight:bold;" target="_blank" title="Click to know more about SHORTAGE">SHORTAGE</a> of resources, so effeorts should be made to <a href="https://interviewquestions.tuteehub.com/tag/use-1441041" style="font-weight:bold;" target="_blank" title="Click to know more about USE">USE</a> available resources <a href="https://interviewquestions.tuteehub.com/tag/optimally-7702695" style="font-weight:bold;" target="_blank" title="Click to know more about OPTIMALLY">OPTIMALLY</a> and avoid their wastage and <a href="https://interviewquestions.tuteehub.com/tag/unutilisation-3248900" style="font-weight:bold;" target="_blank" title="Click to know more about UNUTILISATION">UNUTILISATION</a>.</body></html>