Question

The scientific way in which an economy's resources are converted to output is part of the ________ environment.

Answer 1

The scientific way used to convert an economy's resources into output is a part of the technological environment.

The technological environment provides a scientific way to convert an economy's resources to output. It means that with the new inventions of production and improvements in processes, the economy’s resources can be better utilized with significant changes in their production and sales output.

The technological environment is an organization’s external environment in which the changes in technology provide new and innovative ways of the production and consumption of goods and services. These techniques increase not only the amount of production with reduced cost but also sales output with the same production.

For example, the advancements in technology and computerization provide facilities for launching e-books, marketing, and selling products online, and many more. All such facilities ultimately allow more efficient production of the economy’s resources and lead to an increase in their sales output.

You can learn more about technological environment at

brainly.com/question/891713

#SPJ4