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In terms of economics, technological advances: In terms of economics, technological advances: Allows the economy to produce more from the collection of productive resources. Allows

In terms of economics, technological advances: In terms of economics, technological advances: Allows the economy to produce more from the collection of productive resources. Allows the economy to access more resources than was previously possible. Counteracts the benefits of specialization and division of labor. Completely eliminates the problem of scarcity

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