Tuesday, November 26, 2013

How Economics Masters Natural Science and Other fields



I am familiar with natural science to some extent, subjects like mostly Physics and somehow Chemistry and biology. Though am having interest in Computer Science, Economics, Mathematics and little Physics, Here I found that Economics has a great impact to all of these natural science in a Real-Practical manner were the main target is one to use these knowledge to innovate a technology which will resonate to the society and world-wide in general.
It comes when there is 1st world countries and 3rd world countries in the same globe. This all depends on the Economic System running on these countries. A good example is United States were it is the country which is very perfect and effective in development of SciTech and general development .But why so? Before that I am sure When I visit a 3rd world country and talk to some of Tech funs and ask them an what are their new technology proposal and I’d say 95% of those teams will build exactly what they claim if given the resources, but 95% of those projects will fail because their economy doesn’t support I did anticipate even though timing is needed but in 1st world countries that is not the issue, they have a capitalist economy the Government has full support of dev. In SciTech on establishment of different research centers as well as Protection of its experts
This Is why so, When a Scientist have invented a new Tech, the following has to take place so as his invention to become successful- First the Scientist has to take in mind that the tech he/she want to invent has to resonate with time, Economically time is money -The tech invented needs a capital from different Investors were the investment policy is well formulated in Capitalist countries rather than the other economy systems such policy are Availability of financial Institutions, Low Interest rate from these Financial Institutions, Liquidity preference of the community,  High Level of Income from individuals, Country past Savings and so on… all these are found in capitalist countries.
Also the aggregate demand of that Tech must be equal to the aggregate supply so as to have a full usage of the tech invented. Apart from the 3rd world countries cannot be able to invent a new tech, even the purchase of that tech is still a miracle due to lack of purchasing power, Low tech found in their place(hence there is no need of it)

As Currently the Software is bringing the world online from transport to communication, from food to  shipping logistics and the supply chain from photography to surveying to delivery from shelter to clothing to your very wallet and keychain can be accessed on demand from your mobile phone, in more cities every day.
 Hundreds of millions of people have now migrated to the cloud, spending hours per day working, playing, chatting, and laughing in real-time HD resolution with people thousands of miles away … without knowing their next-door neighbors.
 So this is what makes other fields to depend on the economy of a particular nation....

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