Answer:
Traditional technologies were initially invented during the time when knowledge were still limited. So, their maximum potential were left undiscovered by the people who live in the past.
The efficiency of traditional technologies can be massively improved by adding some key features of modern inventions.
For example, Wheels has existed since 3,500 B.C. But it only reach its maximum potential in terms of speed, durability, and resistance power only after the latest latex and steel technology was invented .
Other example would be light bulbs. It was created in 1879, but only reach it maximum potential in term of energy efficiency after the invention of LED technology.
The answer to this question is Chief Executive.
Its about 2,320 miles long
The income paid to the owner of land, labor or capital, in return for productive service is called Factor Payment.
Factor payment is basically the income that is received by the person/company, who supplies the factors of production to someone or to some company and in return gets paid for them.
Now factors of production are land, labor, capital, entrepreneurship etc.
Income generated through factor payments can also be categorized accordingly, like wages are being paid for the services of labor, rent is being paid for using the land or any immovable asset, interest is paid on capital, and profit is shared with entrepreneurship.
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