A Debate that is related to Microeconomics Essay

A Debate that is associate to Microeconomics - Essay ExampleIt is important for economies to determine whether such ventures as minimizing IT will mean reduced operative costs and increased profits (which forms the core aim of all businesses) (Hubbard and Anthony, 377).Those who see IT as obsolete and exchangeable say that the fact that almost all companies have embraced IT has removed the competitive edge it offers as a result of this ubiquity and is no longer important. IT, according to them, is because no longer a diaphysis that a business can use as a tool for competition in the markets to improvement itself above the rest. They therefore see it fit that companies that be wise and that have studied the times start up to swiftly reduce their spending on IT and focus on other ideas and innovations that can lead to originality and therefore serve as strength of a particular business against all the other market competitors. IT to them has scarcely become too old and basic a nd therefore expendable (Gravelle and Ray, 312).On the other hand, there are equally those who have vehemently argued against such claims of IT obsolescence. They state that IT comes with a plethora of benefits both to the consumer and the business itself. fit in to these proponents of IT, IT is irreplaceable in linking businesses and its consumers through the click of a button, a phone call or however email just to mention a few, while also offering a relatively user-friendly source of information on the market trends, needs and preferences. It enables a company improve on assistance delivery and gain competitive advantage over others if superiorly utilized. IT also enables fast and efficient money proceeding that are vital in the smooth running of any business set up, failure to which more businesses have crumbled prematurely (Hubbard and Anthony, 411).In my opinion therefore, IT remains important in businesses as it saves time and offers an