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
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
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