What is the importance of telecommunication to the economic or industrial way of living?

Question

kindly answer this question directively and objectively!!!

Answer 1

Compare life before the invention of telecommunications (first the telegraph, then radio, the telephone, etc.) and today.

How many of those differences could/would have occurred anyway?

Consider direct influences: the entertainment industry, the telecommunications industry itself, global financial markets, etc.

Consider one level of indirection: how effective would airplanes be without radar? How easy would international trade be without telecommunications? (clearly it would be possible, but at the current scale?)

Consider issues of scale: in industries with economies of scale, producing less means that each unit produced is more expensive. So anything that reduces market sizes affects standards of living.

Consider technological development. If communication is harder, does information get dispersed as quickly and effectively? What does that do to the rate of innovation?

The list goes on.