Introduction of economic scarcity Essay Example | Topics and Well Written Essays - 500 words

Introduction of economic scarcity - Essay Example For example when computers came in and became a household name, if any person is still computer illiterate, won't he or she find that getting a job has become close to impossible. In the same way, if a country has been producing things with old technology for a long time and there comes a new technology that not only creates efficiency but also gives better results, don't you think people will demand the products made by new technology. Then a producer using older technology will go out of demand and his products will become obsolete. This is how scarcity appears as and when a new discovery or invention is made. But it is important that the new technology be very significant and life changing. On the island, they have found that a new invention is likely to revolutionize the way things are done on the island. The problem is should this invention be adopted If yes, then how should this be accomplished Keeping these points in mind, the council must create a plan that would address the key issues knowing that this technology has to be adopted. In order to reduce resistance and make people more open to the acceptance and adoption of this technology, it is critical that they are made aware of the benefits of this technology. When computers came, they were not adopted by everyone in a single day but people came to embrace this new technology as and when they learned o