Technological Change (AQA A-Level Economics): Quizzes
📚Quizzes
Practise the questions
10 questions from this quiz
ShowHide
Practise the questions
10 questions from this quiz
What is the key distinction between science and technology?
What is the key distinction between science and technology?
Science explains why; tech makes it happen
What is the key difference between invention and innovation?
What is the key difference between invention and innovation?
Invention is new; innovation is marketable
What did Apple NOT invent when developing the iPod?
What did Apple NOT invent when developing the iPod?
Portable music devices
What distinguishes automation from mechanisation in production?
What distinguishes automation from mechanisation in production?
Machines operate machines in automation
What does labour productivity measure?
What does labour productivity measure?
Output per worker or per hour worked
What does disruptive innovation do?
What does disruptive innovation do?
Creates new markets and disrupts old ones
What profit margin did Kodak enjoy on camera film before digital disruption?
What profit margin did Kodak enjoy on camera film before digital disruption?
As high as 50%
How did market structure change from film to digital cameras?
How did market structure change from film to digital cameras?
Near monopoly to monopolistic competition
Who introduced the term 'creative destruction' in 1942?
Who introduced the term 'creative destruction' in 1942?
Joseph Schumpeter
Which company dominated mobile phones in 2007 before iPhone disruption?
Which company dominated mobile phones in 2007 before iPhone disruption?
Nokia