The Industrial Revolution A Technological Revolution

We are standing at the precipice of what some call the 4th Industrial Revolution. The 4th Industrial Revolution is being described as a technological revolution that will fundamentally alter the way we live, work, and relate to one another. We are rapidly moving to an era where billions of people will be connected by mobile devices with unprecedented processing power and storage capacity. Our access to knowledge will be unlimited. Breakthroughs in fields such as artificial intelligence, robotics, autonomous vehicles, the Internet of Things, nanotechnologies, 3-D printing, biotechnology, quantum computing, energy production and materials science are all within the range of near-term reality. The speed of this revolution is evolving at an exponential rather than a linear pace. It is a revolution that already is disrupting almost every industry and societal institution in every country. Imagine that whatever can be imagined, probably will be a reality. Yet, such a rapid change is potentially both beneficial and destructive. It is true that such a revolution will raise global income levels and improve the quality of life for many segments of populations around the world. However, at the same time, the revolution could yield greater inequality, particularly by disrupting traditional labor markets. What is different between this industrial revolution and the 1st iteration that began in the late 1700’s is that for the first time talent more than capital, will represent theShow MoreRelatedThe Industrial Revolution and the Technological Revolution812 Words   |  3 PagesThe Industrial Revolution and the second industrial revolution were also known as the technological revolution. The technological revolution was a time of change and transformations from had tool and hand made goods to machinery that produced goods faster and better. Patrick Geddes first introduced the concept in [â€Å"Cities in Evolution† 1910]. But David Landes used of the term in a 1966 essay and in the unbound Prometheus 1972 standardized scholarly definitions of the term, which was most intenselyRead MoreTechnological Advances : The Industrial Revolution1597 Words   |  7 Pages Technological advances happened, primarily in Western countries during the 1800s known as the Industrial Revo lution. It first started in Britain, because of Britain’s flourishing economy and vast expendable resources. These technological advances included new weapons and new means of transportation. However, the technological advances were not always beneficial. One problem was too many resources were being used too quickly. As a way to combat this problem, Western countries decided to tradeRead MoreTechnological Advancements During The Industrial Revolution Essay2206 Words   |  9 PagesToday it is hard to imagine what our lives would look like without the technology that surrounds us, it is even harder to imagine what our lives would be with the technological advancements that began to take shape during the Industrial Revolution that begun in England during the 18th century. The industrial revolution brought on many changes into humans everyday lives, allowing us as mankind to increasingly become smarter, faster and more productive. Some of the major changes[ that took place Read MoreIndustrial Revolution: Gateway to Technological Advancements and Economic Expansion1443 Words   |  6 PagesIn perhaps one of the most critical turning points in the worlds history, the Industrial Revolution ushered in an age of unparalleled technological advancements and economic expansion so immense, that its impact can still be felt today. Lasting from the late1800s until the1960s, the industrial age dramatically altered almost every facet of life. Beginning with the growth of the steal industry, which would later lead to led to the development of the first steam engines and the construction of improvedRead MoreThe Relationship Between Taxation And Technological Developments During The Industrial Revolution1501 Words   |  7 PagesIntroduction â€Å"Profits should be taxed where economic activities deriving the profits are performed and where value is created†1. The relationship between taxation and technological developments have always been dynamic and complex. The internet represents the greatest technological revolution since the industrial revolution. Data show that there is approximately $xxx billion trade occurring through e-commerce, with xxx billion internet users and xx billion domain names as of 20142 and this numberRead MoreEffects of the Industrial Revolution727 Words   |  3 PagesThe Industrial Revolution, lasting between the 18th and 19th century, profoundly affected the people of Europe, North America, and other regions of the world. The revolution produced new exciting technological innovations. As a result, the socioeconomic climate and cultural aspects of Europe and North America were altered in an unprecedented manner. Industrial opportunities also lured the population away from agrarian lifes tyles to more urban populaces. The Industrial Revolution extensively changedRead MoreThe Industrial Revolution Of The Middle East1071 Words   |  5 Pagesadvanced forms of weaponry. Such a desire was not ignored in America nor England during the Industrial Revolution, but, rather, was seen by many as an opportune investment during a time of extraordinarily progressive innovation. With this in mind the Industrial Revolution became heavily involved with the advancement of weaponry, forever changing the face of war unlike any era before it. The industrial revolution was a time of great change for both Europe and America. Inventions during this time (suchRead MoreThe Three Industrial Revolutions1740 Words   |  7 PagesINTRODUCTION The term industrial revolution refers means the strong transformation of a society- economically, socially, culturally and geographically. The Industrial revolution was a period from the 18th to the 19th century where major changes in manufacturing, agriculture, mining, transportation and technology had a profound effect on the social, cultural and economic conditions of the times. FIRST IR The main differences between the First and Second Industrial Revolution were the invisible handRead More Industrial Revolution Essay1623 Words   |  7 Pageswas the industrial revolution of eighteenth century Europe. The consequences of this revolution would change irrevocably human labor, consumption, family structure, social structure, and even the very soul and thoughts of the individual. This revolution involved more than technology; to be sure, there had been industrial quot;revolutionsquot; throughout European history and non-European history. In Europe, for instance, the twelfth and thirteenth centuries saw an explosion of technological knowledgeRead MoreA Brief Look at the Industrial Revolution1130 Words   |  4 PagesThe Industrial Revolution began in 19th century England and eventually spread to Belgium, France, Germany, the United States and Japan. It was a fundamental change in the way goods were produced, due to the Agrarian Revolution and new technology; it altered the way people lived. The Industrial Revolution, a major turning point in world history, began in England because of the important pre existing economic abundance of natural resources that fueled industry, the agricultural revolution which provided

Jane Eyre and Little Women Jane and Jo Comparison

The novels Jane Eyre and Little Women are strikingly similar in many ways, and the characters Jane Eyre and Jo March are almost mirrors of each other. There are many similarities between Jane and Jo, and also some differences, as well. From childhood, although they find themselves in completely different situations, both girls experience many of the same trials in their younger years. Jane is an orphan who has no family to call her own, and lives with an aunt and cousins who despise and dislike her. She was left penniless by the death of her parents, and is reminded daily by her house mates that she is inferior to them because of her circumstance. Jo grows up in a loving home with three adoring sisters and a mother, however, she also feels†¦show more content†¦In contrast to each other, however, during their time away, Jo finds the man that she really loves and wants to marry, while Jane realizes that she cannot marry anyone other than Mr. Rochester. It is during this time t hat Jo meets the Professor and he falls in love with her, and Jane meets St. John and decides that she cannot marry someone she does not love. These journeys were essential to both girls, for they helped them to find (or rediscover, in Jane and Mr. Rochesters case) the love that they felt they were missing. br brThe two women both marry men much older than them, perhaps because they are more mature and intelligent than other people of their same age. Jo is forced to grow up quickly through the death of her sister and her fathers absence, while Jane learns to grow up quickly through the loss of her parents and her unhappy childhood. However, they both still face obstacles when marrying -- Jo must wait because she is marrying a poor man who must work to save up enough money for them to live well, and Jane because Mr. Rochester is blind when she returns to him. In an essence, Jo has fininancial problems to face, while Jane has the physical. In the end, however, both are happy, Jo with her school for boys to provide income, and Jane because Mr. Rochester regains his sight. br brBoth girls receive inheritances from a relative, which allow them to reach the contentment with their livesShow MoreRelated A Comparison of Jane Eyre and Little Women1560 Words   |  7 PagesA Comparison of Jane Eyre and Little Women The novels Jane Eyre and Little Women are strikingly similar in many ways, and the characters Jane Eyre and Jo March are almost mirrors of each other. There are many similarities between Jane and Jo, and also some differences, as well. From childhood, although they find themselves in completely different situations, both girls experience many of the same trials in their younger years. Jane is an orphan who has no family to call her own, and lives withRead MoreIndividualism in the Film Jane Eyre Essay1047 Words   |  5 PagesISU Comparison Essay â€Å"He who loses individuality, loses all† (Good Reads, 2012). This quote said by Mahatma Gandhi, one of the most recognized leaders of the 19th century, can easily be used to acknowledge the importance of a society possessing unique individualistic traits and characteristics as individuality is the fuel needed to run a society. In a world, where even a mere speck of individuality is not present, that society is likely to shatter into utter destruction. Moreover, individuals shouldRead MoreLiterary Criticism : The Free Encyclopedia 7351 Words   |  30 PagesAgathon, by Christoph Martin Wieland (1767)—often considered the first true Bildungsroman[9] Wilhelm Meister s Apprenticeship by Johann Wolfgang Goethe (1795–96) 19th century[edit] Emma, by Jane Austen (1815) The Red and The Black, by Stendhal (1830) The Captain s Daughter, by Alexander Pushkin (1836) Jane Eyre, by Charlotte Brontà « (1847)[21] Pendennis, by William Makepeace Thackeray (1848–1850) David Copperfield, by Charles Dickens (1850) Green Henry, by Gottfried Keller (1855)[22] Great Expectations

Cost of Production in Manufacturing Industry - myassignmenthelp

Question: Discuss about theCost of Production in Manufacturing Industry in Australia. Answer: Introduction The report is on the analysis of an Australian article. The article states talks about the cost of production in Australia. The article is in an Australian website called Australian Competition and Consumer Commission. The article highlights the costs of labour in production in terms of production process and the wages per employee. There is also information about the overheads incurred in the production process in Australia. This is such as vehicle expenses, inspection of goods and storage of goods expenses(Government, 2017 ). Cost of production Costs of production refers to what a company incurs in the provision of goods and services(Arnold, 2015). Manufacturing costs include costs such as labour and raw material expenses. Taxes levied by the government are also included in the production costs. For a cost to qualify as a production cost, it should directly be involved in the generation of revenue for the company. Manufacturing costs include direct costs and indirect costs. Direct costs are those that are visible in the production process or in the final product. Raw material costs and machinery expenses are good examples of direct costs. Indirect costs are those cost that are not clearly visible in the production process or in the final output. Overheads such as rent and administrative expenses are good examples of these costs. Manufacturing costs are important because they assist in coming up with the prices for final products in the market. Parties interested in the information The article is important to various parties within the economy. The government is one of the parties concerned about cost of production. The government has a duty to the citizens to ensure the cost of production within the country stays at the lowest level possible. The government thus follows up the costs to identify when they are high than expected or very low than needed. Policies put in place to reduce the costs of production such as the provision of subsidies. This are grants by the government to producers to reduce the costs that they incur in production. The government additionally reduces production taxes levied on the producers to reduce their expenses for production. In addition to that, investors are concerned about costs of production. They need to know how much they will incur when they set up industries in Australia. The investors need to know all the costs that the industrial laws of Australia charges on production. The production costs when maintained at low levels encourages more investors to the economy. This way the production sector develops at a high rate. (Burda, July 25, 2017) Economic concepts and theories The costs of production in Australia are very high. The country has a trend of increasing cost of production yearly. This is a result of high labour costs where the salaries are very high than the companies can pay. The labour costs form a large part of production costs and thus when high the cost of production increases. The high production cost problem has affected industries such as the car manufacturing industry. High costs of production led to the collapse of the company. This is because of the effects of increased production costs causing the company to make losses continuously. The government should reduce production costs for this sector to ensure that they continue operating(Jones, 2017). Production taxes are another concept in cost of production(Lee Coppock, 2017). The Australian government charges high taxes to the production companies. This as a result increases the companys costs of production. High taxes in Australia production sector has resulted to companies reducing the number of employees in their companies. Research shows that the companies have laid of most of their workers to reduce the production costs, which high taxes increase largely. The high taxes have scared away investors wanting to start-up companies in the country. There is a need to reduce the taxes in Australia so that investors can start up more companies and stop companies from laying off many workers. Additionally there is technology, which refers to machinery used in manufacturing(Margaret Ray, 2015). Many Australia companies lag behind in adopting new technology for production. The resulting effect is a decrease in the number of products and increased cost of production due to high manual labour employment. However, the government has improved the agriculture sector where farmer use modern technology. The resulting effect is an increase in farm products as well as the farmers producing high value farm outputs. Recommendations to the key players Efforts aimed at reducing the costs of production to ensure that the manufacturing sector develops. Production tax reduction assists in reducing costs of production(Tucker, 2016). The government should introduce more trade zones where the government charges low or no taxes on the companies. Reduction of taxes also attract more investors. Subsidies to companies also help reduce the costs of production for the companies. Subsidies are additional money from the government to fund the operations. They reduce the amount of money that the company uses from their operations finances. Subsidies assists companies to cater for expenses and have enough revenue as profits. In addition to that, investors should come up with policies that reduce their costs of production. Investors should ensure the employment of modern technology in production. Technology helps in reducing manual labour, which is usually expensive to the company. Modern technology produces in high quantities and quality at very low costs thus reducing the costs of production. Policies such as setting the minimum technology to employ paly a large part in ensuring that the companies use technology and consequently reduce the costs of production. Additionally the companies should use local labour, which is often cheap compared to foreign labour. This policy reduces the cost of labour incurred by the company. This in turn ensures that the revenues made by the companies are high and as a result encourage more investors to venture in production(Tyler Cowen, 2014). Moreover, the Australian manufacturing sector should come up with methods of getting raw materials from within the country. The effect of this step is the reduction of costs of production because of cheap raw materials from within the country compared to imported raw materials. The country should empower their citizens to produce raw materials for the companies. The mining sector development ensures that the companies get cheap minerals from within the company at low costs(Williamson, 2013). Conclusion The information is important in the conclusion that Australias manufacturing sector is generally low. The government has a large role to play in the improving of this sector. There is the need to get resources from within the country such as labour and raw materials, which is cheaper, compared to the importation of resources. References Arnold, R. A., 2015. Macroeconomics. 12th ed. s.l.:South Western College. Burda, M., July 25, 2017. Macroeconomics. 7th ed. s.l.:Oxford University Press. Government, A., 2017 . Australia Competition and Consumer Commission. [Online] Available at: https://www.accc.gov.au [Accessed 15 August 2017]. Jones, C. I., 2017. Macroeconomics. 4th ed. s.l.:W.W. Norton Company. Lee , D. M., 2017. Principles of Macroeconomics. 2nd ed. s.l.:W.W.Norton Company. Margaret , D. A. A. K., 2015. Macroeconomics for AP. 2nd ed. s.l.:Worth Publishers. Tucker, I. B., 2016. Macroeconomics for Today. 9th ed. s.l.:South Western College. Tyler , A. T., 2014. Modern Principles:Macroeconomics. 3rd ed. s.l.:Worth Publisher. Williamson, S. D., 2013. Macroeconomics. 5th ed. s.l.:Pearson.