Answer :
Introduction of new technology has a direct impact on the unemployment rate in an economy. We can say they have an inverse relationship with each other.
Say, a new machine is introduced in a manufacturing industry which can produce a given product in lesser time than the time a worker would take to produce. In such cases, machine will replace man power and thus unemployment would increase.
Say, a new machine is introduced in a manufacturing industry which can produce a given product in lesser time than the time a worker would take to produce. In such cases, machine will replace man power and thus unemployment would increase.
