Natural Disaster and Technology Essay

Total Length: 354 words ( 1 double-spaced pages)

Total Sources: 3

The nation might experience a natural disaster, for example, or production facilities, due to aging and lack of reinvestment might become less efficient during an economic contraction. Less investment of resources into production and a greater emphasis on goods for consumption, rather than capital accumulation can also cause the frontier to move inward. Finally, there might be less of a demand for the goods of the nation because of a general change in consumption patterns, so although the balance of goods may be equal, as a whole there may be less production of the exported goods of a particular nation in response to a downturn of demand (such as Italy's slowing of pasta production during the low-carb craze, even though this might be a major export good for the nation which it can produce in mass qualities, with relatively little drain on other productive resources).


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