Currently, the Supreme Court is making the decision if cable systems must carry all the local channels. Without adequate funding from a governmental agency, new technologies can not be invented or even thought up. With the technological influence and governmental responses to these technologies, economies can get stronger or weaker. Falling prices, one of the best measures of the speed of technological progress, confirms the impression that the pace of changes has accelerated. Technology has greatly influenced many economic systems of the world.
Japan is a prime example.
One of the many great boosts to its economy after W.W.II, was the innovation of new technologies that other countries would like. With these new technologies, Japan has become one of the strongest economies of the world. A look back at American history can show that technology was a great influence on the economy. The PC and communication revolution of recent years has caused almost every company small, and large, to incorporate the use of computers in order to make these companies' goals more feasible. Says Law of supply creating its own demand.