Final answer:
Technology presents new challenges including investment by private companies, positive externalities, inventors' motivations, and governments' roles in research and provision of goods.
Step-by-step explanation:
Technology has revolutionized the modern economy, but it also presents new challenges. Some of the issues related to technological development include:
- Investment in new technology by private companies
- Positive externalities of new technology
- Motivations of inventors
- Government's role in encouraging research and technology
- Government's provision of goods that markets fail to efficiently provide
- Positive externalities resulting from consumption or production
- Overuse of common resources
These issues highlight the complexities and considerations involved in technological development.