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 ECONOMICS-THE FOURTH INDUSTRIAL REVOLUTION Artificial intelligence- A general purpose technology(GPT) A general purpose technology is not specific to a particular industry,for example Bessemer technology to manufacturing of steel.The previous industrial revolutions in human history were all led by general purpose technology. Thus coal power led the manufacturingrevolution in England . Steam power spread from factories to steamships and affected every phase of life. Similarly the advent of electricity changed production,transport,households  in Europe. Much later the computer and Internet started the digital revolution in America and enables digital highways to transact manufacturing coordination,transport and financial transactions in minutes.    The present fourth Industrial Revolution is led by artificial intelligence. To understand artificial intelligence we trace the development of Internet . The modern computer originated as a sophisticated calculator essential...