Modern technology has made it possible for people to significantly improve every element of their lives. This is frequently advantageous, but it does have drawbacks. The financial performance of a corporation is directly correlated with increased productivity and efficiency. But if this efficiency is obtained by eschewing quality standards and taking shortcuts, the performance won't be superior over the long run. There are undoubtedly many better things available at reasonable and inexpensive pricing thanks to technology.
What influences does technology have on the creation of new goods?
- Thread starter Shavkat
- Start date
Technology has really improved the productivity of many companies. With very good machines available, a factory can produce high quality goods within a short time. That reduces the expense of hiring labour while increasing the income for a company.
Technology has made mass production of goods very easy today. Machines are being deployed in the production process to make the production process automated and more efficient in the process.
Before technology advanced to this stage, scarcity of some commodities were widespread.. The advancement in technology has added efficiency to the production process making us to Have abundance of goods and services.
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- #10
These are benefits that we can have for having these modern devices or machines. It cannot be denied that they can replace human jobs in the future. I hope they will not rule humans and be controlled.
Modern technology has actually improved everything. With the use of artificial intelligence and some other platforms creating digital products in this current time is not really that hard. You just have to learn how to use them.
Modern technology has actually help businesses to grow very quickly in all ramifications.
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- #13
You have a point here. I do think that we can use them with our control and not them to control us. Although there are some issues circulating on the Internet that ChatGpt is starting to boom, but there are negative connotions about it.
That is one of the major importance of technology. Rapid growth for a lot of businesses and companies is as a result of advancement in technology.
Probably, the advent of technology has made it easier for companies or businesses to produce their products. Most of the machines needed to make it faster is in place.
Technology has caused a lot of development in each and every businesses and it has driven the sales as well.
Technology could have massive effects. In the past, people used typewriters. However, now they have replaced them with computers and printers. The same goes for smartphones as well. Technology is changing and making lives easier.