摘要：The study examines the efficiency of businesses through time. It tests the change in working capital requirements across economic sectors. The last two decades were earmarked with many changes. With no doubt technological innovations were among the most significant events that impacted almost every aspect of peoples' life and businesses as well. In fact, technology became one of the critical components of survival and success for businesses. A core of business success is efficiency, which is the pledge of using fewer resources along with the commitment of improving quality; technology was the key for both. The study investigates if there had been a significant reduction in the working capital as a result of these changes in the last two decades. The research output of the study showed evidence that over the last twenty years there has been a significant decrease in the working capital requirements across most economic sectors. As a consequence, the efficiency of the market increases as more businesses are capable of entering the market because fewer funds are needed. In addition, consumers enjoy better quality products with cheaper prices as a result of competition.
关键词：Working capital; technology; current assets; resources; quality; inventory control
