Modern Technology: Traditional Culture And Modern Culture

The traditional culture and modern culture contrasts in their relationships to the environment. Modern society has adapted to new technologies and ideas, economic growth and lifestyle to explore more in life as compared to traditional society where the society characterized by directing to the past without emerging their life. Technology plays a huge role in all aspects of modern day society. It’s impossible to discover how technology has impacted on our lives. Technology has impacted us in both positive and negative ways. The perfect example of a positive use of technology would be students who have better access to technology have better chances of learning and doing well at school than those who do not have access to technology. In traditional

The economy of a mass society is much more integrated both horizontally and vertically. The economic classes have been set based on the ethnic, professional, and regional identifications. There are two types economics, which macro economy and micro economy. Macroeconomics is the branch of economics that studies the behavior and performance of an economy fully. Macroeconomics analyzes all aggregate indicators and the microeconomic factors that influence the economy. For example, globalization may display a possible to generate a stronger economy for impoverished nations. In old tradition, there did not have tough competitions between companies but in modern society even the small company have competitions to grow more. Economic will be active because the company needs to produce more products to satisfy the consumers’ needs and wants. The inflation and unemployment rate plays a main role in the economic system. an economic and political system in which a country 's trade and industry are controlled by private owners for profit, rather than by the state. Capitalism is private company, the company will set the own price for the products, and their stocks. consumers are willing to pay the highest price for the things they want the most. Businesses will only produce those things that return a profit. Most of the countries in the world prefer capitalist economic because mostly the products have been set it to the reasonable price where consumers will be able to buy it. Market economic system is mostly for rich people. Who will buy the products no matter how much they cost. The poverty level has gone down as compare to old the tradition because our economic now is more advanced than before. The unemployment rate is lower as compared to before because now there are more jobs available to keep the economic active. Most of the families are worried about having more kids because they might be failed to pay the rent