In 2005 a small pilot scheme in Kenya set out to let microfinance customers repay their loans by text message. The customers had other ideas: they used it to send money to relatives, to store cash safely and to pay for things. The company redesigned the product around what people were actually doing with it, and mobile money became one of the clearest examples anywhere of a communications technology reshaping an economy.
This lesson looks at how mobile phones and internet connections change what is economically possible in developing countries, how they let services be traded across national boundaries and create whole new categories of work, and why the same technology that narrows some inequalities can widen others at the same time.
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Congratulations on completing the lesson on Technology And Economic Development. Now that youve explored the key concepts and ideas, its time to put your knowledge to the test. This section offers a variety of practice questions designed to reinforce your understanding and help you gauge your grasp of the material.
You will encounter a mix of question types, including multiple-choice questions, short answer questions, and essay questions. Each question is thoughtfully crafted to assess different aspects of your knowledge and critical thinking skills.
Use this evaluation section as an opportunity to reinforce your understanding of the topic and to identify any areas where you may need additional study. Don't be discouraged by any challenges you encounter; instead, view them as opportunities for growth and improvement.
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Download the Green Bridge CBT app on your phone or computer to access full lesson notes, practice questions, and more.
Want to practice mock questions on Technology And Economic Development? Download the Green Bridge CBT app to access mock questions and full practice assessments for this topic.
Everything you need to excel in your exams