Updated Technology increases Profitability of Business

Time and again, history has taught us that the technologically superior win — be it nations, civilizations, individuals or companies. The radio industry was booming till the early 1990s. But the mobile phone changed it all. Now, the radio industry is limited to only a few companies which are able to sell on the content they offer, rather than the technology. Technology is not restricted to electronics as given below. It is also applicable for all types of machinery say mechanical, electrical, structural, mining and many other inter-engineering technologies. Let us take the example of Automobiles. The engine design is

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