Technology has come a long way, from delivery messages by horse to just picking up a cell phone. Technology is becoming a major role in all aspect of our modern lives. Typically, the effects of technology can be seen in economics around the world. Advances in technology can be linked to increases in manufacturing that affect the country’s Gross Domestic Product (GDP) and creating jobs to help lower unemployment. While a lot of technological advances are in regards to process improvement like industrialization that seems to eliminate unskilled positions, technology helps produce other skill positions that offer higher pay and better opportunities.
All this because of emergence of new technology. Manufacturing Technology had lead to mass production an very easy task and it leads to saving the time and human energy which was earlier wasted but now with the help of capital intensive techniques human are able to multi tasking. Role of technology in economic development:- Importance of Technology :- In the present age technology is playing very effective role in increasing the rate of economic growth. Today each country considers it is the basic tool of economic development. Only capital cannot bring development in the country.
Allowing technology to rise in the field of education is beneficial, it enhances teaching and learning. Teachers and students should take full advantage of technology because it may change the way a teacher teaches, changes the way students interact, and even changes expectations. It has its drawbacks in the classroom but better education is required for one's students excellence. We can draw the conclusion that the use of technology in education is a necessity in the classroom allowing students to succeed in the future. Technology has always been around but now that it's advancing, this is the time we should take full advantage to educate the future
Whatever we do today, technology always comes first and without it we may feel “naked”. Basically, technology comes in varieties of designs and uses that can attract the user to buy and use it. What is actually the meaning of technology? The definition of technology according to Dictionary(2014) is the branch of knowledge that deals with the creation and use of technical means and their interrelations with life, society, and the environment, drawing upon such objects as industrial arts,
Without technology, humanity would not have the ability to advance in the same way, as it has a major impact on society. Items such as Computers are simply tools in the process of advancing technology. We are not over dependent on tech, we are incorporating it into our lives, and this allows for the next stage in technological progress. With the availability of knowledge and ease of communication, tech is the tool that brings together the ideas that could possibly shape what the future looks
The technological era has impacted the world drastically, technology has involved in the daily life routine. The main point of technology is to benefit the world and make the work easier for the human being. Nevertheless, technology has been a problem nowadays; as any other new issue on the world, this new topic comes out with pros and cons that need to be fixed or deal with them. Living in the technological era can be difficult, since technology advances quicker than people adapts to it. It is easier for technology to advances than to people to understand how to manage the new process of technology.
The technology of the twentieth century has benefited the world in many ways, but from having benefitted from it there are many consequences that have affected our social and physical worlds. We as a society need to question what the cost of technology has done to the world in general. The world has yet to discover what the underlying consequences are and the deep value behind them are. Capitalism is the key component of the physical and social alterations in the world that has cost us in many ways. With capitalism being introduced throughout the twentieth century it shows how the bourgeoisie and the proletariats have been the main components of the technology being produced.
In everything we do, there will always be technology in it. But if not used appropriately, the good effects that technology has and brings us will be thrown and be break into pieces. Who needs the world full of new inventions that make people extremely dependent on technology? Our vision has been blurred that we need to realize, once more, that technology was meant to be invented for us to save our time and do our tasks easier, faster, productive, and effective. The technology was not invented for people to be lazy and show lacks in hardworking.
It is astonishing to perceive how does exploitation of technology has contributed to the development of each and every fields of study. Consequently, innovation in all career sectors came possible while increased the productivity and efficiency in working. It is undeniable that, evolution of technology is the vital key for the progress of the world. Due to that, this era is addressed as the ‘modern era of technology’. This is why people nowadays are so obsessed with technology and dependent on it in order to improve their quality of living.
According to Birchall,(2009),companies that need to send their workers on international flights for business affair can have the greatest relief because by Internet technology ,costs can be reduced on travelling and freeing the workers ‘s time management. Hence, by using technology, business innovation can take place easier and lead to new opportunities because technology can systematically help worker ‘s time management and at the same time, the companies can lower the budget of travelling and use the budget to speed the business development. Technology and science grow together continuously with the advances of our world’s economy since the second half of the 20th century. Technology is vital in economic growth because, technology give positive affect to business and market management thus, contribute to economic growth .Hence, the effects of the use of technologies on economy are, technology positively influence to economy by giving job creation to societies , technology gives positive influence to service and industries, and , technology leads the new ways in business