Question

Using information from the lesson, explain how new technologies change your experience as a consumer.

Answer 1

Technological improvements allow me to have greater access to goods around the world. I can buy instantly and communicate instantly with producers. Technology can also help me to monitor economic trends, both in my country and in my own life. In summary, technology helps to give me more freedom to make economic choices.

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Answer 2

Advancements in technology is usually accompanied with benefits such as ease, convenience and increased productivity beyond what is being previously experienced.

• As consumers, we are always lured by the platform or producer which offer us ease, better productivity, and performance.

• For these reasons, consumers are always eager to try out new development and trend in the market.

• New technologies which offers ease means of purchase, payment, feedback and most importantly cheaper and easier customer service are always favorable to consumers.

Therefore, new technologies often offers lots of benefits and as such appeals to consumers due to better service and consumer experience.

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