How does technology affect production function?

How does technology affect production function? A change in technology alters the combination of inputs required in the production process. An improvement in technology usually means that fewer and/or less costly inputs are needed. If the cost of production is lower, the profits available at a given price will increase, and producers will produce more. […]

What effect did camels have on trade?

What effect did camels have on trade? Traders moved their goods across the Sahara in large groups called caravans. Camels were the main mode of transportation and were used to carry goods and people. Sometimes slaves carried goods as well. Large caravans were important because they offered protection from bandits. Why were camels important in […]

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