Impact of technology

In todays daily life the use of technology creates major impact on the society . It creates problems not only to the society but also to the people and to their releations .If take the use of mobile phones which comes under the part of technology is creating a much major problem to studdents and the society .As they use the phones it first afall damages their eye sights and it also affects their studies. And they become less laizy in doing the activity ,paper works and using technology prohibits of coming foreword to express their ideas and they become less sharing to the parents or to their dear ones what happened in class etc. It depends upon how we use it. As it contains lots of apps and other things like facebook , instagram, whatsapp etc people spends much time spending on this. If we look the present survey in a year the most that happens is accidents and in that it mainly are the age group of adults .In accident using the mobile phones is one of the major case . Even though it is strictly prohibited people use it while driving or talking while walking in the road side with caring what is happening around us. The use of mobile phones is very wide .People use in such a way that they can’t leave without that ,as a reult it shows the addiction towards it .And it also grab away their social skills ,ideas ,the activeness ,and the confidence level in them . If today’s world is like this let us think about the coming generations what will be their condition .It also affects them .As the technology are becoming more advance in todays daily life ,as it is made up of cameras and most of them misunderstand and miseuse it. Which will later leads to a crime etc. As the use of the earphones playing music while driving cause one of the major accident s majority of the accidents are like this.As there is a huge volumes played it will leads to the ear problems which mainly causes to the eardrums . That is why mainly students use these kinds of mobile phones parents should talk to them or atleast ask what happened in class etc. Always talk to the mothers , otherwise it is very difficult to create the bonds which was earlier more strong . If the situations continues like this it will becomes more worse than earlier it were. Then coming to the televisions and computer . In computer mostly from the age group of kids to adults plays games . Which distract them in every good things that they can put foreword. It also affect their studies and damages their eyesights .But coming to the televisions it watched by every people but the dangers come s when they start it as a habits. Watching televisions is mailny common for every age group. For example kids sees cartoon , filims which are mostly seen by adult and teenagers , then the oldages mainly watches the serials and other channel shows . As they watches it they are waisting their own valuable time which they can utilise for other good purposes. Then in our modern societies tabs and head sets which mainly comes under the part of the technology creates a wider problem. The problems actually happens when the people make it as a habits. It depends upon the way they use it.

Done by : Aleena saiza

1st ba economics

Roll no: 26

By Lekshmi Dinesh

Technological progress

Increasing capital, both human and physical, is the only way to create economic productivity and growth in the long run. One way to directly increase the amount of capital in an economy, also called the capital stock, is by increasing the spending on capital.

Of course,spending money to simply increase the amount of capital in an economy is not the only way to increase productivity. Increases in the quality of capital can also affect growth. The major way the quality of capital is increased is through technological progress, the fruit of research and development. Technological advances can allow a given unit of capital to enable a given unit of labour to increase production. This increase is contrasted to the increase created by simply enlarging capital expenditures.

How does technological progress come about? The major ways are though innovation and invention. Every year, billions of dollars are spent on research and development by firms and government agencies, like NASA. This money leads to improvements in existing technology and to the creation of new technologies. While innovation and invention may not always be immediately profitable, in the long run they can prove very lucrative for the researchers and the developers–as well as for the economy as a whole, as new, more efficient production technologies become available.

Technology’s Role in Economic Development

Technology encompasses a huge body of knowledge and tools that ease the use of economic resources as a way to produce goods and services efficiently and innovatively. Technological progress is essential to economic growth and development, and the more advanced the technology available, the more quickly the local and global economy can improve. Technology’s role in economic development is further broken down below.

Time is Money

Technology can save the time it takes to produce a good or deliver a service, contributing to the overall profits of a business.

Efficiency

Technology can contribute to the efficiency of a business’s output rate, allowing for larger quantities of products to be moved or of services to be rendered.

Specialization

Technology has lead to an increase in the division of labor and specialization of jobs within a business, further contributing to the efficiency with which a business is able to run.

Natural Resources

Technology has a huge effect on the ability of businesses and governments to access natural resources and use them in the most effective ways possible to benefit both the business and the economy.

Industrial Expansion

Thanks to the increased efficiency of labor with the ever-improving state of technology, businesses are able to increase total output, which in turn leads to higher profits and greater economic development.

Research

Better technology has lead to further research into nearly every sector of business and science, meaning businesses can benefit from all sorts of technological advancements.

The Internet and International Trade

Information technology is the single most important element in the success and growth of international trade and job market growth, allowing businesses to share information and conduct trade in less time than the blink of an eye.