2006-11-16 23:37:13 · 4 answers · asked by hananeh s 1 in Social Science ➔ Economics
"Technology" is the use of new tools and techniques to satisfy people's needs.
The benefit (and really the only purpose) of technology is that it enhances productivity in the economy -- ie, allows existing resources to better satisfy people's wants and needs (whether that is a corporation buying technology to produce more goods, or a kid buying a video game for entertainment, it'll all about reorganizing resources to better serve needs).
The disadvantages are that technology often has unintended consequences and can be misused by people (such as food production technologies leading to us getting fatter, or terrorists hijacking airplanes to blow up buildings).
2006-11-17 03:15:02 · answer #1 · answered by KevinStud99 6 · 0⤊ 0⤋
benefit is that the life has become easier than before .but the disadvantage is that people are getting fatter and fatter day by day..
silly me ?huh?
2006-11-16 23:52:02 · answer #2 · answered by fallingprincess 2 · 0⤊ 0⤋
technology can increase production but also decrease the demand of labor.
2006-11-17 17:56:10 · answer #3 · answered by monyx 3 · 0⤊ 0⤋
Try .....wikipedia.org
2006-11-16 23:46:19 · answer #4 · answered by 3-selin 3 · 0⤊ 0⤋