Name: How Robots Influence: Social Changes (en Inglés)
SKU: 68966728
Price: 29.19 USD
Availability: InStock
Author: John Lok
ISBN: 9798886412994

portada How Robots Influence: Social Changes (en Inglés)

How Robots Influence: Social Changes (en Inglés)

Formato

Libro Físico

Editorial

Notion Press

Autor

John Lok

Idioma

Inglés

N° páginas

Encuadernación

Tapa Blanda

ISBN13

9798886412994

How Robots Influence: Social Changes (en Inglés)

John Lok (Autor) · Notion Press · Tapa Blanda

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Reseña del libro "How Robots Influence: Social Changes (en Inglés)"

In traditional microeconomics, demand theory dictates that the quantity demanded of a good or service is a function of its price, consumer income, preferences, and the prices of related goods. When integrating robotics into this framework, my view argues that robots act as major catalysts that simultaneously alter both supply-side cost structures and demand-side consumer behavior. As illustrated in the economic paradigm above, robotic integration reduces marginal production costs. According to my analysis, this cost reduction shifts the supply curve outward, which subsequently drops market prices and expands the aggregate quantity demanded across various sectors-ranging from manufacturing to digital service economies. Mass Customization and Shifts in Consumer PreferencesOne of my core assertions regarding social change is that robots enable mass customization. In standard demand theory, consumer preferences are treated as relatively static inputs. However, smart robotics and AI-driven automation allow firms to tailor products to individual consumer desires without incurring the traditional high costs of bespoke manufacturing.Utility Maximization: