Developing tempo of developments in the industry as a fact that has both advantages and disadvantages

Industry except agriculture and services is mentioned among various specialists in the field of economics to be one of the fundamentals of every economy. Hence, various governments worldwide, above all those, for which such a area is above all important as they for example have access to wide range of resources, invest money in technology improvement. It is pretty influential as, first and foremost, the rivalry in this field has got so fierce that without putting our efforts on developing the technology we would be unable to remain on the market.

It is proved by the fact that the flow of the technology and its transfer is quite intensive, as one information from one edge of Earth to another may be transferred even in less than one second. Such a means that something that was known to be impossible for people for example fifty years ago, at present is real. That’s the reason why, we ought to keep in mind that in fact there are almost no limits for the human beings.



Industry also contains wide range of examples that is likely to prove to us that something that used to be considered to be impossible, is these days real. We are likely to observe it inter alia due to analyzing the efficiency of factories that are more and more regularly using machines instead of human beings. Despite the fact that it is with no doubt simple to explain, as machines are precise, make less faults etc., we are recommended to not forget that their growing use in the production process generally results in the fact that people with no special skills have complications with finding a job offer.

To conclude, we ought to remember that in terms of such areas of economy like industry the improvement of technology might be evaluated either as a positive or negative factor.

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However, the most likely tendency in the future is related to even more grown use of machines, which proves that in order to prepare ourselves us for the future in similar field the best alternative is to either obtain knowledge in terms of managing or invention of such machines.