Monday, November 14, 2011

HMMMMM... TECHNOLOGY

The development of a society relies heavily on the technology around it and how fast that technology is evolving.  The markets for new and improved technology are every changing.  Just a few years ago, no one would have thought we would be sitting here talking about different tablet computers and the evolution of such.  As seen in the NYTimes article, the iPad itself has created a whole new market that is trying to be kept up with by other companies such as Samsung and others.  This shows just how there are new and diverse economies that are developed and that will create an even more diverse economy.  Technology is something that keeps the mind open of not only scientists and engineers but also economists.  This is a perfect topic to bring up in a seminar such as ours because it brings up different economic questions.  These questions include: Availability of resources? Who will produce this technology? What will this technology be used for? And whom will consume/use this technology?  
 

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