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| Topic: |
Technology
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| Number of pages / Number of words: |
23 / 6323 |
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What is the effect of the new technology on business and commerce? Does it represent new goods and services? Are we dealing with new products resulting from technological change? If so, how will the new products impact the economic structure?
One source of new technology is the search for increased economic efficiency and a sincere desire to reduce the cost that the society has to pay for the availability of goods...
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Whether the purpose of the technology is to improve its effective use of available natural resources or to increase or alter the supply of available resources, it will impact what people buy, what they choose to do with their time, what jobs are lost due to changes in the overall economic mix, and possibly the price of other goods that compete with the technologically changed function for raw materials, labor, and the limited capital resources that are available...
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