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6/30/21

the role of science and technology in economic growth and development


 Science and technology how it impact 
education and employment.

A better understanding of how developments in science and technology influence the creation of new occupations and subsequent changes in educational programs can help decision makers at all levels of our society. As a result of research and development efforts, innovations are achieved, resulting in the creation of new occupations and the demand for employees with expertise in these new areas. To fulfill the demand, universities and colleges often revise their programs to address these needs. Several data sources are described in this paper that might help us to explore the relationship between advancements in industry, emerging occupations, and educational changes over time.

      A better understanding of how developments in science and technology influence the creation of new occupations and subsequent changes in educational programs can help decision makers at all levels of our society. As a result of research and development efforts, innovations are achieved, resulting in the creation of new occupations and the demand for employees with expertise in these new areas. To fulfill the demand, universities and colleges often revise their programs to address these needs. Several data sources are described in this paper that might help us to explore the relationship between advancements in industry, emerging occupations, and educational changes over time.

    The impact has brougth about changes I the way of live of the people eployment oppotunities and job creation etc.


Roles of science and technology in the business world


Science and technology has impact the world positively, it has made the production of goods and services and has given the world a sense of direction. The economic growth and development is largely depending on innovation From science and technology,given people the chance to be educated and employed. 

The roles of science and technology to economy development can be further explain below :

Time will always be money

The time use to produce a particular product to a finish goods; with technology the production will be fast and delivered. In this case if a company is to produce 5000 blocks in five days, with the right technologies it can produce it in a day which will contribute to the over all profit expected in the business. 

Efficiency in production 

Science and technology can contribute to the efficiency of any any business firm allowing a large percentage of goods to move from one market to the other, large quantities of goods can be transported by heavy duty vehicle, which are a product of science and technology. 

Accessing natural resources 

Science and technology has increased the ability of government and businesses to access resources that are natural and are utilise for the Iver all benefit of the economy and the business environment. Sophisticated technologies are use to experiment and discover important raw materials that can be used to produce finish product will will increase economic growth and development.

Expansion in industrial activities 

As science and technology is fast growing and taking over the business space and increasing labour performance credit should be given science and technology which lead to increase in revenue and economic growth and development.

Research base

Every sector in the economy has enjoyed the impart of science through meaningful research of all sorts. Advancement in technology has made businesses to discover new ways of improving the standard if their products. 

Internationl trade through the internet

Today, businesses all around the world can advertise their businesses online. The growth of international trade has improve significantly with the emergence of the internet world, this has made businesses and government agencies to conduct trading activities fast and easy not necessarily being physically present. 

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