Positive impacts of Technology

Impact of technological change on

Costs

The average cost will lower, thus achieving economies of scale whereas the initial cost of the technological change will be huge

 

Labour requirements

Less labour is required after technological change, or the labour is required to do training programs

 

Methods of production

Methods of production will change the firm will be a capital intensive firm

 

Marketing

The marketing tools will change for example e-commerce and internet marketing (Google adsense)