Positive effects of technology transfers include cheaper, convenient-to-use products, jobs, and contracts for local firms

Question

Quizplus · Accepted Answer

Technology transfers can lead to the development of cheaper and more convenient products due to the introduction of advanced technologies and manufacturing processes. Additionally, they can create jobs and generate contracts for local firms as these firms may be involved in the production, maintenance, or customization of the transferred technology, contributing to local economic development.

Positive Effects of Technology Transfers Include Cheaper, Convenient-To-Use Products, Jobs