This presentation discusses the relationship between technology and economics (techno-economics). It begins by defining technology as the products and processes created by engineers to meet needs and wants. It then explains that techno-economics deals with how technology impacts the economy and vice versa. The presentation outlines the role technology plays in economic development by introducing new goods, processes, and markets. It also discusses the role of entrepreneurs in spurring economic growth through innovation. The presentation analyzes the benefits technology provides in increasing productivity but also notes potential drawbacks like environmental damage and threats to privacy and family life from overuse of tech.

1. A
PPT PRESENTATION ON
“TECHNO ECONOMICS”
Department of Electrical Engineering
Poornima Institute Of Engineering & Technology
ISI-2,RIICO Institutional Area, Goner road,Sitapura,Jaipur-302022
Presented By :-
ANIL KUMAR KUMAWAT
EE,PIET

2. Contents
 Introduction
 Technology
 Economy
 Economic Development
 Role of the entrepreneur
 Role of Entrepreneurship in Economic
Development
 Feasibility Analysis
 Benefits & drawbacks of technology
 Business project life-cycle

3. INTRODUCTIONINTRODUCTION
What Is Techno Economics ?
The Term Techno Economic is
combination of two different words i.e.
Technology & Economics
It deals with the Impact of Technology
on Economics or in another words we
can say that how economy is being
affected by technology
Techno Economic is shows the good as
well as adverse effects of technology on
economics

4. What is Technology ?What is Technology ?
 Technology is comprised of the products
and processes created by engineers to meet our
needs and wants.

5. Needs vs. WantsNeeds vs. Wants
 Needs – what people
must have to live.
Food , Clothing ,Shelter
 Wants – the
things we would
like to have, but
can live without.

6. ECONOMYECONOMY
 Economy is concerned with the
production, consumption, distribution
and investment of goods and services.
 Economics is the social science that
studies economic activities.
 Types of economics :-
1.Micro-Economics
2.Macro-Economics

7. Economy(Contd.)-Economy(Contd.)-
1.Micro-Economics:-
Study of economy at individual or small
level
2.Macro-Economics:-
Study of economic system as a whole.
Ex.-study of Indian Economy.

8. ECONOMIC DEVELOPMENTECONOMIC DEVELOPMENT
 “Development is a multi dimensional
process involving changes in social
structures, popular attitudes, and national
institutions, as well as the acceleration of
economic growth, the reduction of
inequality, and the eradication of
poverty.”

9.  Economic development consists of the
reduction or elimination of poverty,
inequality and unemployment within
the context of a growing economy.
 In economic terms, development is the
capacity of a nation to generate and
sustain an annual increase in its GNP
(Gross National Product).

10. ROLE OF THE ENTREPRENEURROLE OF THE ENTREPRENEUR
 An innovator who combines technical innovations
and financial finesses.
 Important role in producing competitive products,
processes, and services.
 Generation of new employment
 Local and regional economic development
 Improved allocation of resources and transfer of
technologies

11. ROLE OF ENTREPRENEURSHIPROLE OF ENTREPRENEURSHIP
IN ECONOMIC DEVELOPMENTIN ECONOMIC DEVELOPMENT
 Introduction of new goods and products
 Introduction of new processes and methods of
production
 Opening up of new markets
 Opening up of new sources of supply
 Industrial re-organization

12. FEASIBILITY ANALYSISFEASIBILITY ANALYSIS
 Feasibility analysis is the process of determining
whether a business idea is viable.
 It is the preliminary evaluation of a business
idea, conducted for the purpose of determining
whether the idea is worth pursuing.
 Feasibility analysis takes the guesswork (to a
certain degree) out of a business launch, and
provides an entrepreneur with a more secure
notion that a business idea is feasible or viable.

13. Role of feasibility analysis in developingRole of feasibility analysis in developing
successful businesssuccessful business ideasideas

14. BENEFITS OF TECHNOLOGYBENEFITS OF TECHNOLOGY
1. ABLE TO PERFORM
EVERYDAY TASKS
FASTER
2. ABLE TO PROCESS
INFORMATION,
MANAGE AND KEEP
RECORDS BETTER
3. HELPS PEOPLE GATHER
INFORMATION, LEARN,
ENJOY
ENTERTAINMENT AND
COMMUNICATE

15. DRAWBACKS OF TECHNOLOGYDRAWBACKS OF TECHNOLOGY
1. HEALTH &
DEVELOPMENT MAY
BE ADVERSELY
AFFECTED
a. PHYSICAL INACTIVITY
b. “COCOONING” =TOO
MUCH TIME ALONE
WITH A COMPUTER
LEADING TO
LONELINESS AND
ISOLATION

16. DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
2. DAMAGE TO THE
ENVIRONMENT
 OBSOLESCENCE
 A STATE OF
USELESSNESS.
 AS THIS TREND
INCREASES DUE TO
TECHNOLOGICAL
CHANGES, THE
RESULT IS A LOT OF
TRASH.

17. DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
3.TOO EASY TO SPEND
VIA INSTANT
ACCESS TO CASH
AND CREDIT AND
TO ONLINE
PURCHASING
 MAY LEAD TO
FINANCIAL CRISIS

18. DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
4. TOO MUCH PRESSURE
ON OTHER FAMILY
RESOURCES
 TIME STRAINS
 MONEY STRAINS

19. DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
5. PERSONAL PRIVACY MAY BE THREATENED.

20. DRAWBACKS(Contd.)-DRAWBACKS(Contd.)-
6. FAMILY LIFE MAY
BE THREATENED
a. HIGH TECH EQUIPMENT
DOES NOT ENCOURAGE
FAMILY INTERACTION
b. CONSTANT
COMPETITION FOR USE
OF THE TECH AT HOME
c. FAMILY TIME IS
REPLACED WITH
INDIVIDUAL TIME
SPENT WITH TECH

21. The Business Project Life-CycleThe Business Project Life-Cycle
Initiation
Planning
Implementation
Closure
Monitoring,Evaluation&
Control

22. Queries ???

23. Thank You
“ Scientist discovers that which exists. An engineer creates that
which never was”