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Technology economics
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Technology economics is study of impact of technology on economics activities. It influences trade, markets, politics, education and many other things. History Technological innovations has shaped economies to grow faster and get revolutionary changes. Introduction of new technology Introduction of steam engines, printing, telegraph, mobile phones and internet has revolutionized the global economy. But introduction to new technology does not always have a positive impact, for example invention of .mp3 format of music and Napster which pushed the entire music industry in to loss. The 2000 dot-com bubble Irrational exuberance which led to rapidly increasing of stock prices, market confidence that the companies would turn future profits, individual speculation in stocks, and widely available venture capital created an environment in which many investors were willing to overlook traditional metrics such as P/E ratio in favor of confidence in technological advancements. Environment Technology provides an understanding, and an appreciation for the world around us. Most modern technological processes produce unwanted byproducts in addition to the desired products, which is known as industrial waste and pollution. While most material waste is re-used in the industrial process, many forms are released into the environment, with negative environmental side effects, such as pollution and lack of sustainability. Different social and political systems establish different balances between the value they place on additional goods versus the disvalues of waste products and pollution. Some technologies are designed specifically with the environment in mind, but most are designed first for economic or ergonomic effects. Historically, the value of a clean environment and more efficient productive processes has been the result of an increase in the wealth of society, because once people are able to provide for their basic needs, they are able to focus on less-tangible goods such as clean air and water. The effects of technology on the environment are both obvious and subtle. The more obvious effects include the depletion of nonrenewable natural resources (such as petroleum, coal, ores), and the added pollution of air, water, and land. The more subtle effects include debates over long-term effects (e.g., global warming, deforestation, natural habitat destruction, coastal wetland loss.) Each wave of technology creates a set of waste previously unknown by humans: toxic waste, radioactive waste, electronic waste. One of the main problems is the lack of an effective way to remove these pollutants on a large scale expediently. In nature, organisms "recycle" the wastes of other organisms, for example, plants produce oxygen as a by-product of photosynthesis, oxygen-breathing organisms use oxygen to metabolize food, producing carbon dioxide as a by-product, which plants use in a process to make sugar, with oxygen as a waste in the first place. No such mechanism exists for the removal of technological wastes. Humanity at the moment may be compared to a colony of bacteria in a Petri dish with a constant food supply: with no way to remove the wastes of their metabolism, the bacteria eventually poison themselves. In favor, balancing environmental protection and social responsibility with a healthy economy over time. This concept of sustainability inspires public and private organizations to become better stewards of the environment. Green engineering and chemistry play an important role in creating the options that enable sustainability by developing chemicals, processes, products, and systems that are environmentally preferable, more energy- and resource-efficient, and often more cost-effective. Positive impact on economy Negative impact on economy 
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