In: Economics
Please answer all in microsoft word
Using a real world examples, explain the difference between technology and technological change; explain how technological change can be positive; and, explain how technological change can be negative. Use comprehensive definitions, real world examples, and comprehensive applications in your answer
Technology | Technological Change |
The usage of skills and methods for the production of good and services is called technology | The overall process of diffusion of techonological process in the new inventions and innovations is called technological change |
Technology is an evolution with time | The improvement in technology which bring changes in our life styles |
Example: Computers, Mobile phones | Examples: Online shopping using mobile phones and desktops |
It is an application of science | It is application of science with human life styles |
It is an invention process | It is adapting to the inventions taking place |
Advantages of Technological change:
The main advantages are there will be an increase in efficiency in every field, growth in economy which leads to change for a better life style, Adopting to new technology and new life styles
Ex: Online shopping and internet usage
Disadvantages:
Due to this adoptation there will be unemployment and more frauds taking place. Increase in cyber crimes and having more information about everything which is also not good for society.
Ex: Terrorists are using technology