The Impact Of Computers On The Economy

The advent of computers has markedly enhanced our economy and standards of every day living as home business, commerce and global trade has flourished at unprecedented rate over the past decades. Furthermore, it has drastically improved the utilization of resources which in turn resulted to a large deluge of output in several business establishments. In spite of the brief periods of recession, the economy's sudden downward dive did not leave a devastating impact as predicted as it readily bounced back right after a period of adjustments.


The computers served as a tool for global communication exactly where the export and import of manufactured goods in between and amongst countries' businesses are being arranged as communication through electronic mails or emails travel as fast as the speed of light. With the entry of imported goods in the nearby marketplace, consumers these days need not go abroad only to sample some of the world's finest food, clothing and apparel and grooming products.


As trade among nations allowed the phasing-out of some barriers, imported goods freely enter the marketplace of a given country with a markedly decreased tax imposed on such goods thereby lowering the selling cost of the manufacture. As the economic rule proves true that abundance in the supply lowers the cost of a commodity. Due to the fact of the stiff competition, international producers and suppliers are given no other alternatives except to mark down the price of their commodities to be able to stay on the business enterprise ladder.


Simply because of computers, Small business Approach Outsourcing or BPO has provided countries such as India, the Philippines and South Africa a kick to their economy by providing thousands of jobs to its workforce. Countries supplying for outsourcing on the other hand, obtain the greatest boost to their economy as they are relieved of paying for the manpower costs in their own country as less costly labor cost in other countries enable them to cut-back expenses. Records show that India alone has revenues of US$ten.9 billion from offshore BPO and US$30 billion from IT and total BPO in 2008 giving the country 5-6% share of the total BPO Business.


The computers and the net has provided for an avenue exactly where scientists and researchers of pharmaceutical providers for example, to conduct modifications on specific medications, develop drugs of superior top quality than other existing drugs and discover new ones that promise immense financial rewards for the sole production and distribution for a period of time.


Indeed, the invention of computers and the world wide web has turn into the most helpful catalyst for competition to grow not in increments but in massive deluge giving businesses the scare of their lives. As competition gets stronger, manufacturing organizations employ various marketing and advertising methods to increase sales which ultimately end up to benefit the consumers in general.

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