Advancement in science and technology is the gateway to the economic prosperity of a country.
* Emergence of Technology an overview
* Need of Technology
=> Increased Population and scarce resources
=> Maintainance of equilibrium of efficiency and scaracitiy.
=> Innovation
* Present Uses
=> Domestic Uses
=> Industrial Uses
=> Use in Research
* How Technology boosts the Economy
=> Increased Production
=> Time Consuming
=> Decreased Cost of Production
=> Specialization
* Effect of this boost in the economy
=> Increased output
=> Lower Prices
=> Increased standard of living
=> Comfort
* Some adversities of the technology
=> Destruction in the natural environment
=> Unemployment (as technology relaces a mass of workers)
=> Poverty ( as a result of unemployment)
=> Social disbalances (as a result of poverty and unemployment)
=> Lust of comfort leads some people to abstain from hardwork
* Rememdies
=> Sustainable Economic Development by usin the technology
=> Upgrading workforce according to the upgradation in the technology
=> Welfare programs to be kept along with the use of technology
=> Conducting research to develop strategies to maintain the equilibrium between the technological progress and the contemporary situations
=> Strategic Planning
*Comparison of Benifits and Adversities
* Conclusion