How does technological infrastructure support economic development? 🔊
Technological infrastructure underpins economic development by providing the foundational systems necessary for businesses to operate efficiently. Robust infrastructure, including high-speed internet, cloud computing, and data centers, enables innovation and supports entrepreneurship. It reduces barriers to entry for startups and boosts productivity in established businesses. Additionally, strong technological infrastructure attracts investments, enhances job creation, and promotes regional growth, ultimately contributing to a country’s competitiveness on a global scale.
Equestions.com Team – Verified by subject-matter experts