The Evolution of Technology

We live in a time when we be to a greater extent(prenominal) than engineering science advanced than we continuously were. However, this is only the start of what is to come. It is take place everyday, that immature innovations are always being thought up and a lot of query and development is being do to pursue these expert dreams. innovative technology serves us in our everyday lives and it almost seems that it is a necessity for the average soulfulness or average traffic in an economy to survive. Whether it being a new impudent phone that connects patronagees with suppliers every just about the world or new machinery that gives dividing moving ines to produce more(prenominal) takings in a more efficient and timely manner. The bailiwick of the fact is that technology is all around us and has helped shed light on people and businesses more efficient, which has a direct relationship to the product of a healthy economy.\nFor instance, as technology evolves more and more research is being through with(p) to create these new technological products. This research and development be money and investment, which directly contributes to the ontogenesis in an economys GDP. As well, for new technologies to be created it needs employees who are skilled enough to take a leak these technologies, which helps reduce the unemployment rate in an economy. Moreover, in a business standpoint, newer technology allows a business to reduce costs and allow the business to create outputs more efficiently. For example, back in the earlier 1900s when Henry Ford created the multitude agate line, a new technology at the time. This allowed car manufacturers to pitch costs because the assembly line allowed car manufacturers to build cars more easily and at a faster rate. Furthermore, because of the assembly line in place, car manufacturers did non need as some(prenominal) employees in place to help with the installation of car parts. This greatly reduced their costs and helped outgrowth outputs. And the increase in outputs allowed for more cars to be produced and purchased, which in braid led to greater revenue...