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Technology has made the economy grow due to the changes in the efficiency at which people can perform their work. Technology is the reason for the abolishment of child labour as in pre-industrial times, money was scarce and children barely got an eductaion. From the age of seven they were sent to work. As technology came into play, children were sent to school for a bit longer and after a while they were considered useless in a work place given the capital-driven nature of the workplaces.

The internet is an extension of this. It allows for fast and easy telecommunication. In business, communication is key and assists when :

  • You are unable to understand the task at hand. Chat sites and e-mail allow for fast and easy communication
  • You do not understand a concept. The internet is loaded with search engines and you can easily educate yourself within minutes. It certainly an upgrade from books
  • They replace many books. Many scientific, civil laws and virtually anything else you have learnt in school can be refreshed in your mind by a few clicks
  • It allows you to learn about worldly events so that you can plan for an upcoming event in your own country. Eg- global recession watch

In doing any kind of business, the internet is a source that improves and not only your work and facilitates fast production but also improves your own knowledge for future reference in a few seconds. The phenomenon of the e-mail allows business partners from all over the world to make huge decisions in no time. Communication has become boundless. Internet IS business. It is now marketed in such a way that one thinks buying new products will improve his or her efficiency. For instance, the BlackBerry Mobile Device. Interent is no longer a privalege and advantage in the business world but a necessity. This dependance on technology has become part of human nature but I do not agree that it is right becaus ethe dependance is not primarily financial but psychological as well.

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14y ago

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