ECONOMICS (CBSE/UGC NET)

ECONOMICS

HUMAN CAPITAL

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
How would the rise of digital communication (emails, texting, etc) impact the market for mailmen (mail people)
A
demand for mailmen would increase
B
demand for mailmen would decrease
C
supply of mailmen would increase
D
the market is unaffected
Explanation: 

Detailed explanation-1: -It started as a simple communication tool and has transformed the way the world communicates. Email serves as a reliable source of storage, collaboration, planning tool, task organizer, etc. Across the world, people use email every day in a variety of ways, such as: Instantly communicating with people globally for free.

Detailed explanation-2: -Not only can you reduce the costs of paper, you are actually reducing the damage paper usage does to the environment. Email allows for mass sending of messages. An effective medium to utilize to get your message out there, you can send one particular message to several recipients all at once.

Detailed explanation-3: -Email can increase efficiency, productivity and business readiness. Using email in business is: cheap-sending email costs the same regardless of distance and the number of people you send it to. fast-an email should reach its recipient in minutes, or at the most within a few hours.

Detailed explanation-4: -Email-based project management tools increase efficiency by allowing the user to work directly in their inbox without needing to switch between different apps to access different project management tools.

There is 1 question to complete.