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About: Robot economics     Goto   Sponge   NotDistinct   Permalink

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Robot economics is the study of the market for robots. Robot markets function through the interaction of robot makers and robot users. As (in part) a factor of production, robots are complements and/or substitutes for other factors, such as labor and (non-robot) capital goods. Another part of robot economics considers the effects of the introduction of robots on the markets for those other factors and on the products that robots help produce. Robots are spreading throughout the economy, in fields such as agriculture, medicine and retail.