The Impact Of Computers On The Economy

The advent of computers has significantly improved our economy and standards of daily living as business, commerce and global trade have grown at unprecedented rates over the past decades. Additionally, it has significantly increased resource utilization resulting in a major flood of production in many enterprises. Despite the brief periods of recession, the economy’s sudden downward plunge did not have the devastating effect predicted as it bounced back smoothly after an adjustment period.

Computers serve as a tool for global communication where the export and import of manufactured goods are being managed between and among businesses of countries as electronic mail or emails travel as fast as the speed of light. do With the entry of imported products into the domestic market, consumers nowadays need not only travel abroad to sample the world’s best food, clothing and apparel and grooming products.

As trade between nations is allowed…

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