Which of the following shows modernization to increase the production of goods and services?
Show answer & explanation
Correct answer: D
Explanation
The correct answer is option 4 i.e. Adoption of new technology.
The adoption of new technology shows modernization aimed at increasing the production of goods and services. By integrating advanced technologies into production processes, businesses can enhance efficiency, reduce costs, and increase output. New technology often introduces automation, better resource management, and innovative production methods, leading to higher productivity and competitiveness. Unlike simply scaling up old techniques or altering existing methods, adopting new technology represents a significant step toward modernizing the economy and boosting overall production capabilities.