In the news: "A supermarket in South Africa have just revealed a shop without tills, run on AI (artificial intelligence) and machine vision."

Question

The above headline can be linked to which strategy used by capitalism overcome economic challenges (stagnation)?

a.
Lowering labour costs.

b.
Securing raw materials at the lowest cost.

c.
Finding ways to help people purchase more products

d.
Creating new products consumers feel they need.

Answer 1

The headline about a supermarket in South Africa that has revealed a shop without tills, run on AI and machine vision, is most closely linked to the strategy of:

a. Lowering labour costs.

The implementation of AI and machine vision to operate a shop without traditional checkout counters suggests a significant reduction in the need for human cashiers, thus lowering labor costs for the business. This approach allows the supermarket to operate more efficiently and potentially overcome economic challenges associated with stagnation.