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What are the ideas of information and communication technology used in economics? Introduction: Information and communication Technology [ICT] is the infrastructure that enables computing faster and accurate?

Answer»

The following table gives an idea of range of technologies that fall under the category of ICT

InformationTechnologies
1. CreationPersonal computers, Digital Camera, Scanner, Smart Phone
2. ProcessingCalculator, PC – Personal Computer, Smart Phone
3. StorageCD, DVD, Pen Drive, Microchip, Cloud
4. DisplayPC – Personal computer, TV – Television, Projector, Smart Phone
5. TransmissionInternet, Teleconference, Video, Conferencing, Mobile, Technology, Radio
6. ExchangeE – mail, Cell Phone

The evaluation of ICT has five phases: They are evaluation in:

1. Computer 

2. PC – Personal Computer 

3. Micro Processor 

4. Internet 

5. Wireless links

In Economics, the uses of mathematical and statistical tools need the support of ICT for:

1. Data Compiling 

2. Editing 

3. Manipulating 

4. Presenting the results



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