Chapter 21, Environmental and Technological factors and external factors and influence Flashcards
Advantages of technological change
- increase in employment by increasing demand for a product
- new training can motivate the workforce
- the change means improved efficiency
Disadvantages of technological change
- unemployment
- training costs
- movement of employees may be unsettling
- new specialisation of skills
Advantages of using computer software
- systems are faster
- storage is easier and costs are reduced
- faster Communication
- modern banking
- increased availability of knowledge
- off-site working
- click and collect
- contactless
Disadvantages of using computer software
- training costs
- the public can be resistant to change
- system failure can be damaging
Obsolescence
existing capital equipment is replaced by new developments in technology; for example, the replacement of a typewriter by the word processor
Negative externality
a cost that arises out of production or consumption which is not paid for by the producer or consumer, e.g. pollution congestion or litter
Types of Pollution
- Air Pollution
- Noise Pollution
- River or sea pollution
- Land Pollution
- congestion
Sustainability
the endurance of systems and processes. it particularly to preventing a negative impact from economics systems and production on the earth and its environment
Government Environment measures
- climate change levy
- Carbon trust Standard
- Congestion charges
- Alternative sources of energy