The Impact Of Computers On The Economy

The advent of computers has significantly improved our economy and standards of daily life and business, trade, and world trade has flourished at unprecedented rate in recent decades. Moreover, greatly increased use of resources which in turn led to a great torrent of production in many business establishments. Despite the short periods of recession, had sudden downward plunge of the economy does not leave a devastating impact as predicted as it readily bounced back after a period of adjustment.

The computers served as a tool for global communication where the export and import of industrial products between and among businesses countries are ranked as the communication through to travel from e-mails or e-mails as soon as the speed of light. With the entry of imported products in the local market, consumers today do not just go abroad to sample some of the world’s best food, clothing and apparel and personal care products.

As trade between the nations allowed the phasing out of a number of barriers, imported goods freely enter the market of a country with a greatly reduced tax imposed on these goods, so the retail price of to decrease production. As economic rule proves true abundance in supply lowers the price of a commodity. Due to the heavy competition, gain international manufacturers and suppliers, no other alternatives except to continue down to mark the price of their commodities on the business ladder.

due to computers, Business Process Outsourcing and BPO has provided countries such as India, the Philippines and South Africa a kick to their economy by providing thousands of jobs in the workforce. Countries for outsourcing on the other hand, the biggest boost to their economy get as they are exempted from paying for labor in their own countries with cheaper labor costs in other countries allow them to cut-back costs. Data show that India alone sales of US $ 10900000000 from offshore BPO and $ 30 billion from IT and total BPO in 2008 giving the country 5-6% share of the total BPO industry.

The computers and the Internet has provided a way in which scientists and researchers from pharmaceutical companies for example to make changes to certain drugs, the development of superior quality medications than other existing drugs, and discover new ones huge financial rewards for the only production and distribution promise for a period of time.

Indeed, the invention of computers and the Internet is the most effective catalyst not step ahead of the competition, but in large companies give Flood to become the fright of their lives to grow. As competition becomes stronger, production companies employ different marketing strategies to increase sales which ultimately eventually benefit consumers in general.

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