essay on industry advantages

18 Advantages and Disadvantages of Industrialization

Industrialization is the development of industries in a region or a country on a wide scale. It is also the period of economic and social change that transforms human societies from agrarian tendencies into one that has the purpose of manufacturing. When the incomes of workers rise, then the markets for different consumer goods and services expands. That results in a further stimulus to economic growth and industrial investment.

The first steps toward industrialization took place in the middle of the 18th century. The initial focus was on specific areas of North America and Europe, with Great Britain leading the way into this new economy. Its initial characteristics included shifts from rural work, technological progress, and changes in class consciousness.

These steps led to changes in family structure as industrialization continued to develop. Pre-industrial societies have extended connections because several generations likely remained in the same location. Industrial societies tend to keep the nuclear family together only, with the desire to remain mobile to continue relocating to where job opportunities exist.

Several advantages and disadvantages of industrialization are worth taking into consideration.

List of the Advantages of Industrialization

1. Industrialization brought us the current import-export market. Businesses use the concepts formed from industrialization to have a more abundant supply available for particular goods and services. When domestic demands were not enough to help optimize production levels, multinational firms began forming. Countries could expand their import and export markets for the goods getting made.

The world started to see that the balance of trade was shifting to the producer, increasing the wealth of businesses, and adding tax revenues to society.

2. It allows us to become more productive. Industrialization brought us a series of new and useful items, hand tools, and additional ways to be productive. This benefit promptly led to the development of new channels and shipping methods that could carry more products and people from one place to another. That led to the creation of roads that could support higher traffic levels.

Communication processes improved because of industrialization, eventually leading us to the telephone and fiberoptic cables. Even machines like the loom allowed manufacturers to create more items in a shorter time. When electricity became available, then humanity’s standard of living increased even further because of these efforts.

3. Industrialization makes goods and services more affordable. Labor is the most expensive part of the manufacturing process for most industries. When people were creating items by hand, including books and clothing, then they needed to be compensated for their efforts. With machines helping humans to create products with greater speed, then the cost of labor per unit went down.

This advantage applies to services because industrialization provided equipment that made jobs easier to complete. Imagine the difference between manually cleaning a rug versus using a vacuum cleaner. It is an advantage that eventually led to higher levels of income for everyone in the economy.

4. It improves the quality of life for each person and household. Before the world experienced industrialization, comfort and convenience were typically reserved for the wealthy, nobles, military leaders, and high-ranking politicians. The introduction of mass production changed how everyone could access goods or services. It was a change that led to mass production of numerous items, lower costs and improved availability to the average family. This event would lead to the first time in history when the “poor” or “middle class” could save money while still meeting their needs.

You could own property without needing to be a farmer or a royal. You didn’t need to grow your own food through homesteading efforts. Some companies were even building towns to give homes to families in exchange for their labor.

5. Industrialization improved our medical care. The technological advances that led to our modern approach to medicine came about because of industrialization. Diagnostic equipment that we often take for granted today, such as MRI and CAT scans, wouldn’t be possible without this evolution. Factories made it easier to produce everything from scalpels to new laboratory equipment, making it possible for more people to become doctors, nurses, and caregivers.

Instead of having regionally-based care, the improvements to communication networks allowed researchers to share their findings in real-time with their colleagues. This process led to the development of new best practices, eventually leading to improved patient outcomes.

6. It allows a worker to focus on specialization. Farmers who focused on monoculture and people with individual skills were the only specialists in the pre-industrialization economy. Once societies began to focus on manufacturing, this developed allowed families to begin training for jobs that could pay them better. Instead of going through a long apprenticeship or being born into the “right” family, anyone could change their stars by putting in enough hard work.

7. Industrialization created more jobs for the global economy. New manufacturing equipment required additional employment opportunities in each community. Factories that had higher quotas to meet needed new workers on the floor working to produce goods. Each new invention or best practice that came about because of industrialization led to more jobs for the global economy. It created structures where the average person could earn a decent living while having more time with their family, even if the conditions were sometimes unsafe or unsanitary.

When the workers with higher wages could invest their savings into new ventures, each economy benefitted because new cash pools help to fund new ventures. It shifted money away from the aristocracy to the average household.

8. It shifted our perspective of wants vs. needs. When people made products before industrialization, the labor required to create something meant that each item required a specific purpose. We made things because of their usefulness, which limited our innovation. Factories could make clothing faster while helping it to last longer. It allowed people to step outside of the family business to try something new. This advantage would eventually lead to a stronger free-market economy where those with the most innovation could get rewarded for their creativity.

9. Anyone could make a name for themselves because of industrialization. The story that often gets told when discussing industrialization is the life of Charles Goodyear. He sacrificed almost everything in his pursuit of vulcanization. He went into a lot of debt, lost almost everything in 1837, and then accidentally combined sulfur and rubber on his stove to change the world. Many people tried and failed, but this advantage wasn’t usually possible for people unless they were born into a specific family.

List of the Disadvantages of Industrialization

1. The working conditions declined during industrialization. Industrialization brought people more money and better access to goods and services, but it also increased the amount of risk that people faced. Employees were expected to put in long shifts, often working 12-hour days with only Sunday off to spend time with their families. If you were sick or got injured, then you’d probably get fired.

The work was also quite dangerous. There weren’t any regulations in place to protect employees, so many people worked with equipment that didn’t have safety features. During the 19th century, it was not unusual to see people working with a finger, a limb, or worse.

2. Child labor was an essential component of industrialization. We often take for granted the child labor laws that exist today. Those regulations came about because of society’s experience with this issue during the first days of industrialization. Many factories hired kids to work in unsafe conditions, preferring them because they’d work for lower wages than adults.

Children were expected to work the same 12-hour days that adults put in while on the job, reducing their opportunities for schooling. It was not unusual for families to lose multiple children in these early factories.

3. Living conditions around the new factories were not always better. Factory towns like Hershey had a reputation for providing workers with quality housing and access to needed resources. This outcome didn’t always happen. When the cities became crowded with people moving away from their farms on a chance to earn a better income, then it led to living conditions that weren’t better than the working conditions in the factories. Large slums began forming in many of the communities where entire families were sometimes living in studio apartments.

When that many people lived close together in unsanitary conditions, it was not unusual for diseases to start spreading rapidly. Since there was little medical care available during the early years of industrialization, it was not unusual for most families to lose multiple members in their quest to make a better life.

4. Industrialization created more income inequality for the top 0.1%. We often look at names like Jeff Bezos, Elon Musk, and Bill Gates and their combined wealth of about $400 billion and wonder how a few people can hold so much. During the initial days of industrialization, people like John Rockefeller and Andrew Carnegie held that much money by themselves. The three richest people in the world at the turn of the 20th century held a combined wealth of over $1 trillion when accounting for inflation.

Rockefeller by himself was responsible for almost 2% of the U.S. GDP each year. No one at any other time in history outside of a monarchy controlled that much of the economy.

5. It created the foundation for global warming and climate change. The carbon levels before the 19th century were under 300 parts per million. After industrialization, CO2 rates rose to 400 parts per million. Oceans have a more acidic pH level. We have plastics pollution everywhere, with microplastics entering the human food chain because animals consume these small items.

This disadvantage has led to changes in our soil composition, water quality, and the air that we breathe. It’s reducing biodiversity while our economies grow. Unless action gets taken to curb this issue, we will one day reach a tipping point where a recovery might not be possible.

6. Industrialization altered the political landscape of the planet. We still experience the fallout from industrialization in our global politics. Fewer than 40 countries have gone through a modern economic revolution to fully incorporate these technologies, giving those that have a massive advantage over the “developing” world. There are more opportunities for success in these countries, requiring people who want an advanced education to leave their homes to receive it.

This inequality of development leads to resource issues because factories require raw materials to operate. That means the countries without industrialization hold themselves back because they sell the items needed to evolve their economies for short-term gains instead of long-term results.

7. Agricultural production methods are different because of industrialization. There are fewer farmers operating today than ever before in our planet’s history because of the ways that industrialization changed our approach to growing food. The agricultural industry relies on automation, longer shelf life, and other interventions that allow for large-scale farming instead of homesteading. The quality and safety of the foods we eat from these processes are questionable at times, especially when GMOs, herbicides, and pesticides enter into the discussion.

8. It causes us to use more fossil fuels. Whaling became an industry because we needed to harvest the oil from these animals to power our lamps and produce consumer goods. People even made margarine from whale oil in the early days of industrialization. Now we use fossil fuels to produce the goods and services we need through our factories. Although that means we’re not significantly reducing animal populations to meet our fueling needs, it doesn’t shift us away from a finite resource. What will happen to today’s industrialization efforts if we run out of oil or natural gas?

9. Industrialization changed our concept of work. Industrialization created the surge in automation that we experience today. With artificial intelligence and machine learning taking over many of today’s repetitive processes, this shift in our economy changed the way we think about productivity. We don’t walk to work because we can drive there. Instead of mixing foods by hand, we use small appliances. Instead of a majority of jobs being out in the fields, people are now sitting in front of computers in cubicles.

It has led to a form of sedentary productivity where we focus on convenience more than wellness.

When we review the results from our efforts at industrialization, it is clear to see that our world would be a very different place without this innovation. We have access to almost every product we use today because of the work that previous generations put into new ideas, factories, and goods.

When we consider the top advantages and disadvantages of industrialization, we must also take an honest look at the outcomes. The wealthy built our modern society through the efforts of desperate people who wanted to help their children and grandchildren have a better life. Although this created a Middle Class in many societies, the result also reinforced the power of the aristocracy.

Industrialization changed our world for the better in many ways. It is up to us to clean up the pollution that comes about as a side effect to these efforts. If we’re unwilling to approach our environment in the same way that we look at our economies, then this planet we have may not be around much longer.

Essay on Industry

Students are often asked to write an essay on Industry in their schools and colleges. And if you’re also looking for the same, we have created 100-word, 250-word, and 500-word essays on the topic.

Let’s take a look…

100 Words Essay on Industry

Understanding industry.

An industry is a sector of the economy that produces goods or services. Industries can be classified into three types: primary, secondary, and tertiary.

Types of Industries

Primary industries involve the extraction of raw materials, like farming or mining. Secondary industries transform raw materials into products, like manufacturing cars. Tertiary industries provide services, like teaching or nursing.

Importance of Industry

Industries are vital for economic growth. They create jobs, contribute to the GDP, and promote innovation. Industries also fulfill our daily needs and wants by providing various goods and services.

Challenges Faced by Industries

Industries face challenges like environmental concerns, labor issues, and competition. Therefore, they must continually adapt and innovate to thrive.

250 Words Essay on Industry

The evolution of industry.

The term ‘industry’ encompasses a broad spectrum of human activities related to the production of goods and services. The evolution of industry from agrarian societies to today’s technologically advanced era is a testament to human ingenuity and adaptability.

The Industrial Revolution

The Industrial Revolution of the 18th and 19th centuries marked a significant turning point. The advent of machinery and factories revolutionized production methods, leading to a surge in economic growth. It set the stage for the modern industrial landscape, characterized by mass production and global trade.

Industry in the Modern Era

In the 20th century, the focus shifted towards automation and digitization. The rise of the Information Technology industry transformed not only the means of production but also the nature of products and services. Today, software, data, and digital services are as vital to the economy as traditional goods.

The Fourth Industrial Revolution

We are now in the midst of the Fourth Industrial Revolution, characterized by the fusion of technologies that blur the lines between the physical, digital, and biological spheres. This revolution, driven by advancements in Artificial Intelligence, Robotics, the Internet of Things, and Quantum Computing, is reshaping industries and economies.

The industry, as a human endeavor, is continuously evolving, driven by technological advancements and societal changes. As we move further into the 21st century, it’s crucial to understand the profound impacts of these industrial transformations on our economy, society, and environment.

500 Words Essay on Industry

Introduction.

Industry forms the backbone of any economy, acting as a catalyst for its growth and development. It refers to the production of an economic good or service within an economy. The industrial sector encompasses a wide range of activities, from manufacturing to high-tech services, each contributing to the economic fabric of society.

The industrial landscape has evolved significantly over centuries. The First Industrial Revolution, marked by mechanization and steam power, paved the way for mass production. The Second Industrial Revolution introduced electricity and assembly lines, increasing efficiency. The Third brought in digitalization and automation, while the Fourth, or Industry 4.0, is currently reshaping industries through advanced technologies like Artificial Intelligence (AI), the Internet of Things (IoT), and robotics.

Industry 4.0

Industry 4.0 signifies the ongoing transformation of traditional industries due to digitization. It is characterized by interconnected systems where machines interact with each other and with humans in real-time. This revolution is enabling unprecedented levels of automation and efficiency, but also presents new challenges in terms of cybersecurity, data privacy, and workforce adaptation.

The Role of Industry in Economic Development

Industries play a pivotal role in economic development. They provide employment, foster innovation, and contribute to GDP. Moreover, industries stimulate the growth of other sectors, such as services and agriculture, through demand for inputs and the creation of infrastructure. However, the benefits of industrialization must be balanced against potential environmental impacts and social inequalities.

Industry and Sustainability

As the world grapples with climate change and resource scarcity, industries are increasingly expected to adopt sustainable practices. This involves minimizing waste, reducing energy consumption, and implementing circular economy principles. Sustainable industrial practices not only protect the environment but also create opportunities for innovation and competitive advantage.

The Future of Industry

The future of industry is marked by continuous innovation and adaptation. The integration of AI, IoT, and other advanced technologies will further revolutionize industrial processes. Simultaneously, industries will need to navigate challenges such as regulatory changes, geopolitical uncertainties, and the need for sustainable practices. As such, the future industrial landscape will be shaped by a complex interplay of technological progress, environmental considerations, and socio-economic factors.

In conclusion, the industry plays a vital role in economic growth and societal development. Its evolution, from the First Industrial Revolution to the ongoing Industry 4.0, reflects the continuous quest for efficiency and innovation. Looking ahead, the industry must balance technological advancements with sustainability and inclusivity to ensure a prosperous and equitable future for all.

That’s it! I hope the essay helped you.

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Advantages and Disadvantages of Industry, Science and Technology

Introduction, advantages of science, technology, and industries, disadvantages of industry, science and technology, works cited, video voice-over.

Science can be defined as the unbiased study of both the living and non-living things around us. It involves a systematic process of observing, identifying, describing, conducting an experiment, and giving a possible speculative interpretation of the natural phenomena under study. Contrastingly, technology is a branch of knowledge dealing with implementing scientific knowledge to produce goods and services that enhance the general way of life. Science and technology are interrelated, as shown by their relationship whereby science applies the knowledge of technology to develop new inventions and innovations.

The technology applies the knowledge of science to perform experiments before launching an innovation. In contrast, the technology applies scientific knowledge to develop strategies that will help solve existing and upcoming global problems. In contrast, industries are various organizations that deal with the production and supply of goods and services to the community. This paper aims at reflecting the key advantages and disadvantages of science, technology, and industries.

Science and technology have propagated globalization, increasing the civilization of westernized countries, including the United States of America and the globe in general. Innovations and inventions in the communication and transport sector have been evidenced around the world. For instance, new platforms such as Facebook and Instagram have been developed, linking individuals worldwide. Modes of transport have been developed in which an individual can move from one point to the other faster by use of technologized modes compared to the past in which people used camels and carriages as transport (Nunes et al. 278). For instance, I can move from the United States to Africa using a flight for a short time compared to the previous times.

Comparing the current means of transport to the standard means, including riding animals, walking long distances, and crafting rafts out of logs, science through technology has provided faster means such as automobiles and airplanes. Besides, ships and cars have been invented by science through technology which is more comfortable, fast, and reliable. In contemporary times, science has fused with technology to help construct new structures in towns leading to the growth of towns and cities. For instance, New York City has fashioned structures that make it a great city across the world. In the past where the Roman Empire grew due to the founding of the Italian City of Rome.

Additionally, science has intertwined with technology to help manufacture new weapons in industries used by the military to fight against terrorists. The knowledge of weapon manufacture combines science and technological skills (Chai and Willy 149). For instance, in a fight between the US and the Soviet Union, the Soviet Union had sophisticated weapons to win the war. Contemporarily, the United States has won wars that have enabled them to become a superpower across the globe. It has scientists who are well equipped with the required technology to manufacture the weapons.

As a result, the industries have provided job opportunities to individuals across the globe. During the pre-colonial periods, the slaves worked in industries in western countries such as the US. Individuals were forced into slavery to work in firms and industries, but technology brought about robotics which minimized human power. Contextually, science and applied technology have helped fight against COVID-19. From my perspective, individuals should prioritize the industries involved in manufacturing vaccines across the world. Besides, the firms manufacturing medications create job opportunities for people to improve their living standards. Finally, scientists have applied the knowledge of technology to identify the physical and chemical components of space.

Regardless of the mentioned advantages of science and technology, they can also have some disadvantages. Firstly, technology has increased over-reliance on social media, which attracts the attention of individuals, making people forget those who are close to them. The over-use of social media has limited physical interconnections as people interact with their online friends more, thereby neglecting those dearest and closest to them.

From the data, it is clear that only on social media can one be desperate and happy at the same time. Additionally, the adoption of machines and robots in industries has resulted in inadequate job opportunities (Chai and Willy 153). Many companies and industries rely on robots and machines because they make work fast and more accessible, reducing the chances of work opportunities across westernized countries. I disapprove of machines like robots because they can complete a lot of work quickly, making it difficult for humans to get employment opportunities of poor quality.

Additionally, in the education sector, examination irregularities have increased on the onset of technology across the globe. Most students rely on Google for getting information to work out their assignments which minimizes their future creativity, inventions, and practical innovations (Nunes et al. 270). Cases of cheating in exams have increased over the years as multiple students sneak into exam halls with smartphones to search for the examinations asked in the examination papers.

Cyber security and hacking have increased among westernized countries because there is increased hacking and cyberbullying across the globe. Cyberbullying, which involves sharing false, negative, mean, or harmful information about someone on social media platforms, can be termed humiliation. Technology has led to an increase in immoralities since pornographic materials are freely shared on various platforms. As a result, some individuals who participate in illegal activities may lure underage children into the opportunities to make money (Chai and Willy 154). Industries have increased pollution across the world.

Disposal of waste and other emissions from the industries may cause water, soil, and air pollution, impacting the living and non-living things on the earth. Conclusively, technology, science, and industries have positive and negative aspects to the earth’s surface. Improvement in communication and transport, growth of trade and industries, new inventions, and creativity across the globe are some of their core advantages. However, pollution, cyberbullying, overreliance on technology are their limitations. Scientists should consider technology to be a significant evolutionary aspect of science because it evolves from scientific knowledge.

Chai, Sen, and Willy Shih. “ Bridging science and technology through academic–industry partnerships “. Research Policy, vol. 45 no.1, 2016 pp.148-158. Web.

Nunes, Cleiton Antônio, et al. “ The use of statistical software in food science and technology: Advantages, limitations and misuses “. Food Research International, vol. 75, 2015 pp. 270-280. Web.

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Home — Essay Samples — Economics — Oligopoly — Advantage And Disadvantage Of Oligopoly

Advantage and Disadvantage of Oligopoly

Categories: Oligopoly

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Advantages And Disadvantages Of Tourism | What is Tourism?, Tourism Benefits and Drawbacks

April 18, 2022 by Prasanna

Advantages And Disadvantages of Tourism: It is no secret that the tourism industry in the world has been on a steady rise. In order to understand what the future will be like for tourism, it is important to examine the current landscape and consider how new technological advancements may affect the industry.

Students can also find more Advantages and Disadvantages articles on events, persons, sports, technology, and many more.

Moreover, tourism is a very large service industry with many endeavours. In fact, the number of tourists was estimated to be 4.4 billion by the United Nations World Tourism Organisation in 2016. Tourism creates jobs, provides jobs, and brings in money and revenue. There are many benefits to tourism, but the biggest one is that it helps the economy as a whole. A study done by the Tourism Policy Research Unit found that tourism boosts the GDP of every country by 8% on average. Furthermore, more and more people are going on vacation every year, and this trend is not showing signs of slowing down even though we are in the middle of a global pandemic. And just like any other industry, tourism has a lot of pros and some cons. In this article, we shall explore the advantages and disadvantages of tourism.

Advantages of Tourism

Disadvantages of Tourism

Comparison table for advantages and disadvantages of tourism, conclusion on tourism advantages and disadvantages, faqs on advantages and disadvantages of tourism, advantages of tourism.

Tourism is a huge industry. It not only creates jobs, but also fosters economic development in different areas of the world. It has many advantages such as boosting the economy and giving the destination a sense of place. Tourism also helps preserve natural resources and cultural traditions. Other advantages of tourism are as follows:

Tourism brings in money – Tourism brings in money because people from all over the world travel to different countries. As we already saw, tourism is a huge industry, which means that it has a lot of benefits, including economic and social ones. It provides jobs in hotels, restaurants, and other tourism-related industries. It also helps sustain services so that tourists can enjoy their vacations even more.
Tourism provides jobs – Tourism can provide a significant source of income for local communities. As a result, tourism often generates jobs in various fields like the hospitality and agriculture industries. Tourism also helps to improve the housing market, which will lead to economic growth and job opportunities in other industries
Stimulates growth of a country – Tourism has been a significant area of growth for many countries. It allows the economy to grow and it’s good when it comes to the environment as well. However, there are many ways in which tourism can be encouraged. Many countries offer incentives for investment like tax breaks or low rates of corporate tax. These types of incentives allow companies to invest their money into real estate, transportation, and other forms of infrastructure necessary for promoting tourism in the country.
Incentive to preserve the natural environment – One of the most important ways in which tourism can help preserve nature and the environment is by creating incentives for people to preserve these areas. Because destruction of such areas translates to decline in tourism.
Tourism promotes international connections – Tourism is an industry that promotes international connections. Tourism creates new friendships and builds favourable relationships between different countries. By travelling, tourists are able to gain a deeper understanding of their destination. They also get to enjoy the scenery, culture, and food of their destination.
Helps to put nations on the global map – Tourism is an economic stimulus for the nation. It provides a wide range of benefits, including job creation, exchange of ideas, cultural enrichment, and new technologies. Many countries have started to invest in tourism to make it easier for people to travel abroad on an individual or business level.

The most common problem associated with tourism is deforestation, which leads to habitat destruction for animals and plants throughout the world. Tourism also has a negative impact on the local economy as many businesses rely on things like local tourist visits to make money. Hence, a pandemic or other geopolitical situations can spell loss of business and livelihood. Other disadvantages of tourism are as follows:

Can cause environmental damage – There are many disadvantages to tourism, such as the effects on the environment. Tourists will often cause damage during their visit in an attempt to find a photo opportunity. The result is that tourists are often responsible for deforestation and over-exploitation of natural resources. Destroying habitats could lead to extinction of endangered species, which could have adverse consequences on biodiversity.
Commercialization – Developed countries continue to grow in popularity and can become very crowded. This has led to changes in people’s attitudes and behaviours, including the development of commercialism. This new form of capitalism has had a direct impact on how tourism is conducted. A common example is the growing prevalence of high-priced souvenirs that are sold by tour guides around major tourist destinations.
Can cause cultures to clash – It is a major problem that many countries face due to the nature of tourism. It creates a clash between cultures and may cause the destruction of existing communities. It is important to respect local customs and traditions because other people will not always be respectful towards your culture.
Tourism mainly provides low level jobs – This is a sector that provides low level jobs. These jobs mostly come as waiters, cleaners, and bartenders. However, these are usually temporary jobs that don’t provide much opportunity for growth.
Seasonal Nature of tourism – Tourism has many disadvantages and one of the most prominent is the seasonal nature of tourism. Generally, tourism usually peaks during the summer months when people come from other areas to vacation in a warmer climate. However, other places have this trend reversed. Regardless, the off-season usually results in decreased economic activity.
Small businesses are unable to keep up – Sometimes, the tourism industry in developing countries is owned by big foreign companies, which means that locals who depend on the income from tourism have to find other jobs in order to make money. This can cause unemployment and can negatively affect the economy.
Other key sectors of a country might be ignored – Over reliance on the tourism industry can lead to other important sectors being ignored. This can be dangerous for the economy if the tourism industry takes a hit from political situations, wars, global pandemic, natural disasters etc.

Advantages And Disadvantages Of Tourism 1

Following are the advantages and disadvantages of tourism:

Advantages And Disadvantages of tourism 2

One of the most important things about tourism is that it has positive and negative effects on a country. The positive effects are that it increases income, helps to spread culture, and creates employment opportunities. On the other hand, there are the negative effects such as environmental damage due to overpopulation, increased crime rates, and loss of resources.

Question 1. What are the advantages and disadvantages of Tourism?

Answer: Tourism is a type of industry that relies on the willingness or need for individuals and organisations to visit or move to a certain area. It can often be very beneficial, but it can also have drawbacks. For example, Tourism creates jobs in an area and helps the economy grow. It can also lead to problems such as overcrowding, crime and even pollution. The risks of tourism have led many people to take an anti-tourist position while some people are pro-tourist in their ideology.

Question 2. What are the disadvantages of Tourism?

Answer: Tourism can have negative impacts on countries, regions, and cultures. The numbers of visitors can cause problems with urban planning and public transportation. There is also a lot of pollution caused by the amount of people in one place. Cultures can also clash and cause problems with safety and security.

Question 3. What is the main purpose of tourism?

Answer: The main purpose of tourism is to generate income. The number of tourists travelling around the world in 2016 was approximately 1.2 billion and they generated $26.3 billion dollars in revenue while they were on their travels. These numbers are very promising for the tourism industry as people from all over the world spend more time travelling due to many new advancements in technology like online payment systems and remote booking that make travel easier than ever before.

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Impact of Technology on Business Essay

Past impact, future impact, works cited.

If you’re wondering how digital technology changes society in the area of business, this essay will help you figure it out. You’ll consider its positive and negative impacts on global organizations and the overall environment.

Technology has had a transformative effect on businesses, which, so far, has been revolutionary. Organizations, both small and large, use technologies such as the World Wide Web (WWW), computers, websites, Artificial Intelligence (AI), servers and even personal digital devices to make their work easier. These tools can give them the invaluable competitive advantage that all businesses strive to achieve.

Future technology will indubitably revolutionize business once again. It has grown to become an inseparable part of any company. So that you see all the real and possible impacts of technology on business, this essay will analyze how electronics and other machinery have already affected the field and are expected to affect it in the future.

One aspect of technology that has been harnessed well for use in businesses is Artificial Intelligence (AI). For the last ten years, virtually all businesses have had their processes automated though the use of AI in Management Information Systems (MIS). This automation function is also found in various computer applications that are used by contemporary businesses. Examples of the latter include word-processing software, spreadsheets etc.

The aforementioned automation features in programs and software have enabled businesses to achieve goals that were difficult to achieve before the advent of technology. For instance, automation has enabled businesses to avoid errors, process more information and achieve efficiency in their processes (Vitez 1).

In addition to the automation function, technology has revolutionized communication in businesses. In today’s business world, Information Communication Technologies (ICTs) are common. The use of the WWW has introduced easy means of communication that include texting, use of “apps” in personal digital devices, use of interactive websites, etc.

These features of ICTs have eased communication within businesses, communication with various stakeholders and communication with customers. The latter is perhaps the most important for businesses.

This is because it gives businesses a chance to advertise their products and services in a cost-effective way, identify target markets, compare the popularity of their products with the popularity of other competing products in the market and receive customer feedback about their products and services (Vitez 1). Generally, all these communication opportunities give a business a chance to expand its market, which will lead to more profitability for the business.

For instance, instead of concentrating in the local markets, businesses use retail websites to reach national, regional and international markets. Business organizations have also developed websites in which their customers and various stakeholders can access the information they require. This has led to reduced communication costs for businesses.

The communication aspect of technology has also enabled businesses to utilize the local and international business environment by outsourcing their functions. This has helped businesses in concentrating on their core business leading to reduced costs, more productivity and more profitability in the long run. The most common functions that organizations choose to outsource include customer service and technical support (McGrath 2), which are obviously support services for business organizations.

Another way in which technology has revolutionized business in the past is in records management. In the past, documents and records were kept in cabinets and drawers. In contemporary businesses however, businesses use computer storage hardware such as hard disks, flash disks, Compact Disks (CDs), memory cards, Digital Video Disks (DVDs), etc.

The use of internet by businesses has also made it easier to transfer stored information from one department to another, or even to an external entity like a customer or even a supplier (McGrath 1).

The future of business technology will indubitably involve service-oriented systems designed to serve a decentralized business organization. This is because many businesses will be decentralized with an aim of increasing “collaboration across the enterprise with partners and customers” (“The future of business technology”, par. 5). This will especially be the case due to the convenience brought about by ICTs.

It is now possible to work from home or from a remote location using tablets, smart phones, Personal Digital Assistants (PDAs), etc. To exemplify the paradigm shift to service-oriented organizations, Information Technology (IT) providers will have to operate according to client needs as opposed to the conventional identification of a technological idea and the subsequent fitting of problems to the idea (“The future of business technology”, par. 5).

Another technological advancement that is likely to be harnessed for more opportunities in businesses particularly those dealing with medical issues is the combination of Computed Tomography (CT) with holography to solve health problems that have been a nightmare to the human race for a long time.

The use of CT together with holography gives an opportunity to construct internal organs in computers in order to perform pre-surgical evaluations to determine how a surgery can be successfully carried out. This will be resourceful for businesses dealing with health provision. The idea of holography can also be combined with Artificial Intelligence to create virtual humans who will be useful in performing risky functions like operating machinery or even being involved in war activities (Enzer 1).

Due to the increase in networked personal devices, there is a possibility of developing sensor networks that will use Artificial Intelligence to give sensitive information. For instance, the network could allow queries to know if a person is asleep, if a person is travelling at a high speed on a highway or even to establish if it is an appropriate time to make a video call to a certain person (Enzer 1).

If the current technological efforts succeed, it will be possible for a car to listen to conversations. This feature, combined with existent networking features, will make it easy for an organization to monitor its cars and know when they are being misused (Blum 1). In addition to this, machines may be able to communicate to humans in words and in writing in the future. This will ease operations in the manufacturing industry (Blum 1).

Future technology will come with knowledge demands for business managers. Managers in the Information Technology field will have to fully understand how they can integrate the ideas of Artificial Intelligence in new systems and mainstream Artificial Intelligence in technological inventions and innovations. In the medical field, managers will have to fully understand the applications of CT and how best they can use the information produced by applications and devices.

As evidenced in the discussion above, technology has had a revolutionary effect on businesses. In fact, technology can be considered as part and parcel of business operations. It is therefore expected that future technologies will have a more transformative effect on businesses than past technologies. Future managers will also have to acquaint themselves with future technology so that they do not lose their relevance in the market.

Blum, Jonathan. 10 Tech Trends Defining the Future of Small Business 2012 . Web.

Enzer, Georgina. Cisco predicts future technologies 2012 . Web.

McGrath, Jane. How has technology changed the way we conduct business? 2012 . Web.

The future of business technology 2011 . Web.

Vitez, Osmond. The Impact of Technological Change on Business Activity , 2012 . Web.

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IvyPanda . (2018) 'Impact of Technology on Business Essay'. 19 June.

IvyPanda . 2018. "Impact of Technology on Business Essay." June 19, 2018. https://ivypanda.com/essays/impact-of-technology-on-business/.

1. IvyPanda . "Impact of Technology on Business Essay." June 19, 2018. https://ivypanda.com/essays/impact-of-technology-on-business/.