Improving pace of developments in the industry as a fact that has both benefits and drawbacks

By | 9 July 2021
Industry except agriculture and services is mentioned among different specialists in the topic of economics to be one of the fundaments of every economy. Therefore, miscellaneous governments worldwide, first of all those, for which such a topic is especially important as they inter alia have access to great range of resources, invest money in technology improvement. It is really crucial as, first of all, the rivalry in this field has got so intense that without putting our efforts on improving the technology we would be unable to remain on the market.


Autor: Adam Moss
It is implied by the fact that the flow of the technology and its transfer is quite fierce, as one information from one edge of Earth to another is likely to be transferred even in less than one second. This indicates that something that was considered to be impossible for people inter alia fifty years ago, these days is real. That’s the reason why, we ought to remember that in fact there are almost no limitations for the human beings.

Industry also contains broad range of examples that can prove to us that something that used to be believed to be impossible, is at present real. We are likely to recognize it for example owing to analyzing the efficiency of factories that are increasingly often using machines instead of human beings. Despite the fact that it is surely easy to explain, as machines are precise, make less faults etc., we are recommended to be aware of the fact that their increased use in the production process in most cases results in the fact that people with no special skills have difficulties with finding a job offer.

Taking everything into consideration, we are recommended to realize that in terms of such fields of economy like industry the improvement of technology are likely to be evaluated either as a positive or negative factor. Nevertheless, the most likely tendency in the future is referred to even more improved use of machines, which indicates that in order to prepare ourselves us for the future in this field the best solution is to either get knowledge in terms of managing or invention of such machines.