Technology is a systematic knowledge and action‚ usually of industrial processes but applicable to any recurrent activity. Technology is closely related to science and to engineering. Science deals with humans’ understanding of the real world about them—the inherent properties of space‚ matter‚ energy‚ and their interactions. Engineering is the application of objective knowledge to the creation of plans‚ designs‚ and means for achieving desired objectives. Technology deals with the tools and techniques
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Advantages and Disadvantages of Internet The Internet is undoubtedly the most crucial technology of the modern world‚ the useful application has not only made our lives easier than ever before but it also plays a very important role in future developments. Everyone knows that the internet has global advantages. With the introduction of the internet global communication has become a matter of just a click of the mouse. The internet has brought about various different‚ innovative communication means
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Advantages: Information technology (IT) benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Some of the advantages that IT can have on our enterprise are given as following. 1. Storage: Information technology creates electronic storage systems to protect our company’s valuable records. 2. Automated Process: In business‚ people look for ways to do more work in a shorter amount of time. IT improves our company’s efficiency by developing
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comparative advantage are less valuable than initially perceived for the development of a strong‚ competitive economy. The new type of development is one that involves the whole market and all institutions in the economy. Productivity is that component which creates a competitive advantage rather than a comparative advantage; the latter only addresses only the supply side of the market system and ignores demand‚ historical chance and the role of government. Indeed‚ the model of competitive advantage addresses
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How many phenomenons have a global impact? If you are to count‚ they could be counted on your finger tips. Globalization is one of them. So before going to the advantages and disadvantages of globalization‚ lets us try to grasp this concept first. Simply put‚ globalization is an ongoing process of integration of regional economies into global network of communication and execution. Let me explain this a bit. Assume that you are a mango farmer in India and you grow very good quality mangoes over there
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utilize internet to earn money in order to create a new web site. By increasing the visitor to his/her web site creator can take percentage from the internet. On the other hand‚ there are a lot of trading web sites available to earn money. All bank systems are working with internet to send and receive money from other banks. Internet makes their works easier and decrease the delivery times of sending and receiving money. Finally‚ we can get hot news from internet about everything‚ such as daily news
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3. FTAs – advantages and disadvantages The principal point of Free Trade Agreements is to secure trade liberalisation. While the traditional debate about FTAs is the danger that they can divert rather than create trade‚ the record to date suggests there has been little diversion and that FTAs and regional agreements have been effective in encouraging wider trade liberalisation. A practical advantage of FTAs is that they are quicker and easier to negotiate than multilateral agreements because fewer
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Great advancement in the field of science and technology has resulted into the invention of numerous devices‚ which have made our life easy and comfortable. Among the devices‚ which are widely used in the present time‚ is computer. Indeed computer has become basis need of modern people. There is a symbol of modernity. Despite this fact computer like other devices has pros and cons. Having computer certainly has disadvantages but there are some good aspects of it too. Computers are useful in business
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Advantages and disadvantages of networks I’ll start by saying that setting up a network is a serious job and should be done only by a person that is already familiar with the process of networking. The variety of options for setting up a home network can influence on a decision regarding the equipment needed to be purchase. Before deciding what hardware to buy you must first find out which type of network technology to use (by ’type of network technology ’ I mean the way computers connect to
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think that governments should spend as much money as possible on developing or buying computer technology. Other people disagree and think that this money should be spent on more basic needs. Which one of these opinions do you agree with? Use specific reasons and details to support your answer. Man‚ through the ages has undergone many changes from the time when he depicted a herd of mammoths on the walls of a cave to nowadays when he can chart with anyone across the sea by use of modern means of
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