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Create a 10 pages page paper that discusses how emerging technologies can affect an industry. This study, therefore, seeks to explore the various factors affecting the spread of emerging technology-based firms within the current global economic climate. The study will nevertheless focus on the changes within the telecommunications sector which are quite significant amongst other emerging technologies whereby the traditional phone companies were definitely dislodged by emergent firms riding on fresh innovative gadgets that are able to integrate the latest features while being relatively inexpensive compared to the conventional sets.

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