How do technology and innovation drive economic growth?
Technology and innovation are catalysts for economic growth by enhancing productivity and efficiency across industries. They introduce new products and services, leading to increased consumer demand. Advanced technologies such as automation and data analytics streamline operations, reduce costs, and foster competitiveness. Moreover, innovation creates jobs in new sectors while transforming existing ones. Enhanced infrastructure due to technological advancements encourages investments, further stimulating growth. Ultimately, technology supports the development of new markets and enhances global trade, offering sustainable economic advancements.