Computers have improved our economy and standards of daily living as business, commerce and global trade has flourished at unprecedented rate over the past decades. It has significantly increased the utilization of resources which in turn resulted to a big deluge of output in many business establishments. Despite the brief periods of recession, the economy’s sudden downward dive did not leave a devastating impact as predicted as it readily bounced back after a period of adjustments.
The computers served as a tool for global connection where the export and import of made goods between and among countries’ businesses are being arranged as communication through electronic mails or e-mail travel as fast as the speed of mild. With the entry of imported items in the local market, consumers nowadays need not go abroad only to trial some of the world’s finest food, garments and apparel and grooming products.
As trade among nations authorized the phasing-out of some barriers, imported products freely enter the market of a offered country with a markedly reduced tax imposed on such items thereby lowering the selling price of the make. As the economic rule proves true that abundance in the supply decreases the price of a commodity. Because of the stiff competition, international manufacturers and vendors are given no other alternatives other than to mark down the price of their particular commodities to be able to stay on the business ladder.
Because of computers, Business Process Outsourcing or BPO has provided nations around the world such as India, the Philippines and South The african continent a kick to their economy by thousands of jobs to its workforce. Countries providing for outsourcing on the other hand, receive the largest boost to their economy as they tend to be relieved of paying for the manpower charges in their own country as cheaper labor cost in other countries allow them to cut-back expenditures. Records show that Of india alone has revenues of US$10.9 thousand from offshore BPO and US$30 billion from IT and total BPO in 2008 giving the country 5-6% reveal of the total BPO Industry.
The computers and the web has provided for an avenue where scientists and researchers of pharmaceutic companies for example, to conduct alterations on certain medications, develop drugs of superior quality than other existing drugs and discover new ones that promise immense dollars for the sole production and syndication for a period of time.
Certainly, the invention of computers and the internet has become the most effective catalyst for opposition to grow not in batches but in big deluge giving businesses the scare of their lives. Because competition gets stronger, manufacturing companies employ various marketing techniques to increase sales which in the end end up to benefit the consumers in general.
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