If a car manufacturer purchases new labour saving technology for its assembly line then we would not expect the production to be declined,wastage of time and money.
Given that a car manufacturer purchases a new labour saving technology.
We have to write the expectation that the car manufacturer would not make after buying such a technology.
We know that improvement of technology means abolition old technology and adoption of new and improved technology.
The advantages of new technology is:
1) It provides a competitive advantage over the competitor,
2) It increases the production,
3) It saves cost of the company,
4) It saves time also.
If a car manufacturer purchases new labour saving technology for its assembly line then he would not expect the production to be declined, wastage of time and money.
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