Archive | Technology

In this article, we will discuss the problems and solutions of choice of technology. Problems in the Choice of Technology: (1) Scarcity of Capital: Modern technology is an expensive technology. They require heavy doses of capital and skilled manpower. In underdeveloped countries there is the scarcity of both capital and skilled manpower. So the adoption of new technology becomes difficult. [...]

The following three points highlight the top three impacts of technology on environment. Impact # 1. Technology and Society: The most dramatic influence of technology has been felt on society. Technological development affects life of every human being. The effects of technology on society can be studied as under: a. Consumers' Expectations: High expectations of consumers pose a challenge to [...]