Digital Revolution and Moore's Law

What does Moore's Law predict?

Doubling the number of transistors on a computer chip every one and a half to two years

What is a characteristic of digital products based on the given information?

Immateriality – essentially 1s and 0s

What does 'gale of creative destruction' describe according to Schumpeter?

The process of industrial mutation that revolutionizes the economic structure from within

What has emerged as a key economic driver in recent years?

Digitisation - mass adoption of connected digital services Signup and view all the answers

What does digitisation facilitate according to the text?

Growth acceleration and job creation Signup and view all the answers

What is one effect of digitisation on digital products' cost?

Close to zero cost to replicate Signup and view all the answers

According to Moore's Law, what does the doubling of transistors on a computer chip capture?

Advances in processing speed, storage capabilities, cost, and other component features. Signup and view all the answers

What is the 'gale of creative destruction' according to Schumpeter?

The process of industrial mutation that incessantly revolutionizes the economic structure from within. Signup and view all the answers

What is the essence of immateriality in digital products?

They are essentially 1s and 0s Signup and view all the answers

What does Schumpeter's 'gale of creative destruction' refer to?

The process of industrial mutation revolutionizing the economic structure Signup and view all the answers

What is a key characteristic of digitisation as an economic driver?

Accelerating growth Signup and view all the answers

According to Moore's Law, what does the doubling of transistors on a computer chip capture?

Advances in processing speed, storage capabilities, and cost Signup and view all the answers

What does the term 'borderless' imply about digital products?

They can be accessed from anywhere Signup and view all the answers

What is the economic impact of digitisation on digital products' replication cost?

Close to zero cost to replicate Signup and view all the answers

What does 'Indestructibility' imply about digital products?

They are resistant to physical damage or decay Signup and view all the answers

What does digitisation facilitate according to the text?

Growth and job creation Signup and view all the answers

What term is used to describe the process of industrial mutation that revolutionizes the economic structure from within?

Creative destruction Signup and view all the answers

What does Moore's Law predict will double every one and a half to two years?

Number of transistors on a computer chip Signup and view all the answers

What is a key characteristic of digital products based on the given information?

Immateriality – essentially 1s and 0s Signup and view all the answers

What has emerged in recent years as a key economic driver that accelerates growth and facilitates job creation?

Digitisation Signup and view all the answers

'Indestructibility' as a characteristic of digital products implies what about their availability to others?

'Indestructibility' does not imply anything about availability to others Signup and view all the answers

'Creative Destruction' according to Schumpeter describes which process?

'Creative Destruction' describes the process of industrial mutation revolutionizing the economic structure. Signup and view all the answers

What does 'Digitisation' facilitate according to the text?

Mass adoption of connected digital services. Signup and view all the answers

What is one effect of digitisation on digital products' replication cost?

It decreases replication cost significantly. Signup and view all the answers

Digital Revolution and Moore's Law

Questions and Answers

What does Moore's Law predict?

What is a characteristic of digital products based on the given information?

What does 'gale of creative destruction' describe according to Schumpeter?

What has emerged as a key economic driver in recent years?

What does digitisation facilitate according to the text?

What is one effect of digitisation on digital products' cost?

According to Moore's Law, what does the doubling of transistors on a computer chip capture?

What is the 'gale of creative destruction' according to Schumpeter?

What is the essence of immateriality in digital products?

What does Schumpeter's 'gale of creative destruction' refer to?

What is a key characteristic of digitisation as an economic driver?

According to Moore's Law, what does the doubling of transistors on a computer chip capture?

What does the term 'borderless' imply about digital products?

What is the economic impact of digitisation on digital products' replication cost?

What does 'Indestructibility' imply about digital products?

What does digitisation facilitate according to the text?

What term is used to describe the process of industrial mutation that revolutionizes the economic structure from within?

What does Moore's Law predict will double every one and a half to two years?

What is a key characteristic of digital products based on the given information?

What has emerged in recent years as a key economic driver that accelerates growth and facilitates job creation?

'Indestructibility' as a characteristic of digital products implies what about their availability to others?

'Creative Destruction' according to Schumpeter describes which process?

What does 'Digitisation' facilitate according to the text?

What is one effect of digitisation on digital products' replication cost?

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