Effects of IT on the Economy

Over the past few years IT has played an even greater role on the world economies. Before the use of IT in our economies the way governments watched over there economies was totally different compared to today where things as the internet has made keeping track of sales, purchases is a hard thing to do. Also such other things such as the premise that IT has caused unemployment, the contribution of IT to the inability of governments to control their economies and the influence of IT on the stock market will all be discussed. But with all this in mind it is clear to say IT has played a role in the economy and will currently and continue to play as role as we more heavily rely on IT.

The premise that IT has caused unemployment. It can be said IT has caused a dramatic effect for such things in our societies such as unemployment. It is also true to say with the use of IT this has caused unemployment due to today’s workforce being more efficient and better equipped to do there jobs than...