What Is The Impact Of Technology To Society And Industry? (Answers)
IMPACT OF TECHNOLOGY TO SOCIETY – When new technology was introduced, it served but one simple purpose – convenience.
This is what propelled technology further, creating products to make consumers’ lives more convenient. As such, the age of technology-driven capitalism began. The advent of technological advancements created better lives for millions, more importantly, it created fierce competition in the markets.
With new technology, companies could created better products at more effecient costs leading to cheaper prices. In turn, competitor companies needed to creat better and more effecient technology to compete with other products. This cycle inevitably had a major positive impact on the lives of consumers. However, we need to asks ourselves – at what cost?
Because of our search for convenience, we unconciously got sucked into the idea of capitalism where we constantly search for a need for every new thing and thus, the market responds with a supply for our demands. Furthermore, the rise of social media, advertisments, and several other platforms, paved the way for the market to directly connect with their consumers. With this, the market developed ways to create problems initially unbeknowst to us, in an attempt to offer a solution.
Still, it should be noted how technology improved the lives of billions, especially in terms of medicine, transportation, agriculture, modernization, globalization, and many more. But, we should all be wary and ask ourselves the cost of all this, it’s sustainability, and the long-term effects of potentially unsustainable development.
Thanks for reading. We aim to provide our readers with the freshest and most in-demand content. Come back next time for the latest news here on Philnews.
Like this article? READ ALSO: What Is The Greek Root Word That Means Water? (ANSWER)