Describe the impact of new technologies and other factors on small entrepreneurs in mining , ranching, and farming

The new technologies would have impact in small entrepreneurs because these may either be of great opportunity to them in growing their businesses by incorporating the use of such in their daily activities. However, if they are unable to keep up with the new technologies that are being utilized by the bigger companies, tendencies are they will still be unable to grow and even worse, close down. 

Very useful. it is to learn because history repeats itself so learning about it those mistakes not happen again.