Economics · Employment and Technology
A major challenge in modern economies is that the spread of technology can create jobs in some sectors while reducing labor demand in others. Which concept best explains this phenomenon?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Seasonal migration only
- 2Static employment pattern
- 3Technological displacement and skill restructuring✓
- 4Monetary contraction
Correct answer
Technological displacement and skill restructuring
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