how does the use of new technology in industry benefit consumers more so than producers?\nconsumers can…
how does the use of new technology in industry benefit consumers more so than producers?\nconsumers can allocate their resources wisely.\nconsumers have greater access to information.\nconsumers can use materials from anywhere.\nconsumers can ship goods around the world.
Answer
Brief Explanations:
New technology in industry often leads to more transparent markets. This gives consumers greater access to information about products, prices, and reviews. Allocating resources wisely is more of a general economic - decision making for consumers not directly related to new industry tech. Using materials from anywhere and shipping goods around the world are more producer - centric benefits.
Answer:
Consumers have greater access to information.