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Question
What are the ideas of information and communication technology used in economics?
Chart
Solution
Information and Communication Technology (ICT) is the infrastructure that enables computing faster and accurate
| S.No | Information | Technologies |
| 1 | Creation | Personal Computers, Digital Camera, Scanner, Smart Phone |
| 2 | Processing | Calculator, PC, Smart Phone |
| 3 | Storage | CD, DVD, Pen Drive, Microchip, Cloud |
| 4 | Display | PC, TV, Projector, Smart Phone |
| 5 | Transmission | Internet, Teleconference, Video conferencing, Mobile Technology, Radio |
| 6 | Exchange | Email, Cell phone |
In economics the uses of mathematical and statistical tools need the support of ICT for data compiling, editing, manipulating and presenting the results.
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