Question

In: Economics

why has technology become so important than when it was first invented?

why has technology become so important than when it was first invented?

Solutions

Expert Solution

Inferable from the use of technology, our way of life has expanded. Our necessities are met effortlessly. Innovation has gotten headways agribusiness, because of which nourishment create has expanded. Inferable from the improvements in designing and engineering, building hearty common structures has been conceivable. Innovation has supported each industry. Organizations have developed, making greater work openings. Progressions in innovation have prompted the development of more up to date and quicker methods of transport and correspondence. The utilization of innovation has supported research in fields extending from hereditary qualities to extraterrestrial space. The PC and Internet advancements are universal. They have changed each segment; be it pharmaceutical, tourism, training, amusement or some other. Innovation has touched each part of life, making it less demanding, better and unique. Innovation has changed living.

Technology has made the world richer overall, but not everyone has benefited. In 2009, the world’s top 1 percent held 44 percent of the world’s wealth; by 2014, they had 48 percent. By 2020, it is estimated that the 1 percent will own 54 percent of global wealth. That is not the direction the other 99 percent wants those numbers moving. And now thanks to technology, they can vent their frustration in increasingly visible ways.

Technology has also created a whole new set of global security concerns. The thoroughly modern phenomenon of cybercrime and economic espionage is estimated to cost the world more than $445 billion every year. That’s roughly 1 percent of global income. And while it hasn’t happened yet, the fear that cyber-attacks can spill over and trigger real-world conflicts remains an ongoing concern. Technology has also changed the face of modern warfare.


Related Solutions

Technology has become an important tool when assessing and treating mental illness. List three ways that...
Technology has become an important tool when assessing and treating mental illness. List three ways that technology is used to provide better care and treatment for those with mental health issues. How effective has HIPPA been in assuring that technology does not take away a patient’s rights? Are there improvements that can be made? Why or why not?
Why is corporate intelligence important to business? When does it become unethical?
Why is corporate intelligence important to business? When does it become unethical?
Why does the term "meaningful use" become so important? Why does looking at workflow and involving...
Why does the term "meaningful use" become so important? Why does looking at workflow and involving end users so important for any process? Can you think of any examples to share, whether it is healthcare related or not, that an outcome could have been better if workflow/involving end users would have made a difference.
Explain why Corporate Social Reporting (CSR) has become so important. Do you think CSR practices should...
Explain why Corporate Social Reporting (CSR) has become so important. Do you think CSR practices should be voluntary or regulated? What are some of the potential issues in trying to regulate CSR practices? Be specific in your answer and be sure to provide examples.
Technology Research Blog Social Media has increasingly become an important tool for businesses to connect with...
Technology Research Blog Social Media has increasingly become an important tool for businesses to connect with their stakeholders. A blog (short form of "weblog") is a social media tool that helps in engaging in discussion with the stakeholders through information published on the World Wide Web. The blogs are normally used to develop customer relationships by driving traffic to the business website and increasing the business’s search engine optimization (SEO). Blogging is integral to the online marketing strategy of all...
Medical intervention has become so much more technological and costly than in the past, yet the...
Medical intervention has become so much more technological and costly than in the past, yet the overall health of Americans is not improving, but actually declining. In your opinion what factors do overall stress play? What role does over-treating play? What role does individual lifestyle choice play?
5. Why is planning so important? If this is so important why do businesses, choose to...
5. Why is planning so important? If this is so important why do businesses, choose to neglect planning? ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 6. What is a competitive edge? Why must businesses have them? What if they don’t? ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________ 7. What is marketing research? How can it benefit a business? What all does it involve? How do you develop a strategy? Why have a target market? ____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________
First, why have accountability and control been so important in the traditional accounting for state and...
First, why have accountability and control been so important in the traditional accounting for state and local governments? Second, how has the dual system of financial statements impacted the financial reporting of state and local governements?
Explain why online trading has become so big. Tell both why there are advantages and disadvantages...
Explain why online trading has become so big. Tell both why there are advantages and disadvantages to it.
What are the major elements of the collective bargaining process? Why has the process become so...
What are the major elements of the collective bargaining process? Why has the process become so contentious between management and unions?
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT