The computer is an electronic machine that can store and deal with large amounts of information and mathematical calculations. It ranges from simple handsets to super computers. The computer has become part of everyone’s life since the beginning of the 1970s when various computer software and hardware companies began to aspire selling personal computers to each and every single household. With the advent of the World Wide Web in the 1990s, the Internet has become part of everyone’s life as well. Combined with the power of the Internet and the ubiquitousness of the personal computers, the computer has become a boon to our society. It benefits our society in a number of ways such as making it convenient to access and process information and helping the economy. This essay will examine how the computer connected to the Internet benefits our society, i.e. how the computer is a boon to our society. I agree that the computer is a boon to our society.
First of all, the computer provides us with extreme convenience in accessing and processing information, which was previously impossible. In this Information Age, access to information has become vital to one’s success and cultural development. With the Internet connection, one can easily search for information for various purposes such as academic research and business. Search engines like the Google and Bing enable one to look for academic help from academic sites like Wikipedia, Khan Academy and Sparknotes while the Google Finance helps businesses study the market and current and past macro economic climates. The ease at which one can search for information is a great benefit of the computer without which one cannot get access to information as easily and quickly.
The Business plan on Computer Information Systems
INFORMATION SYSTEM CASE STUDY Great-West Life & Annuity Insurance Company is an indirect wholly-owned subsidiary of The Great-West Life Assurance Company the largest stockholder-owned insurance company in Canada, and a member of the Power Financial group of companies. We are searching for a new enterprise system. We are looking for a structured approach that eliminates the guesswork and makes ...
In the economic sense, the computer has been a great advantage for many people. The computer benefits the economy both in terms of macro and micro economic levels and generates more net profits. Essentially, the computer saves huge amounts of administrative costs in macro economics. Now, businesses are increasingly selling products in terms bits instead of atoms as Nicholas Negroponte puts very succinctly in his book “Being Digital”. Businesses are viewing documents from the Internet, saving huge documenting costs of physical paper. And, super computers help handle large amounts of economic data in trade transactions, stock market, etc., cutting down costs incurred in the transaction processes. Reduction in costs produces more profits for businesses. Moving on to the micro economic benefits of the computer, it empowers people to earn their living through the Internet. In developed countries like US and Britain, there are an emerging group of tech-savvy housewives who are earning money from home through the Internet. They self-hire themselves as data entry assistants to companies in which they have to manage raw data into different formats. This helps them earn as much as a few thousand dollars per month. From both the macro and micro economic perspectives, the computer enables our society to earn more profits, which is good. It is a great benefit.
The Business plan on Marginal Benefit / Cost and Scarcity Paper
Define the concept of scarcity: Scarcity: The goods available are too few to satisfy individuals' desires. Scarcity is a central concept in economics. Resources are scarce if any individual would prefer to have more of that good or service than they already have. Most goods and services are scarce - those that are not are known as free goods. Where goods are scarce it is necessary for society to ...
In conclusion, the great benefits of the computer qualify it as a boon to our society. I agree that the computer is a boon to our society. It empowers us with the easy access to knowledge and with the ability to cut costs and earn money. Certainly, there are inevitable drawbacks to the computer. However, they should not be the reasons why we should shun the new technology. We should harness its great potential. As always, we should minimise the harm and maximise the benefits.
