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Therefore, one may surmise that the rate of technological acceptance by society is directly proportional to the educational level of the individuals in society. Investing in education appears to have a high long-term payoff, yet training budgets are often cut at the first inkling of spending reduction. Conversely, part of this increase in computer literacy can be attributed to the effectiveness of mass media marketing in generating peer pressure within society to acquire the latest technology, hence shifting training for these basic skills to the individual on his/her own time. Regardless of which factor has the greatest influence, the adoption of technology by society cannot be generalized, but must be analyzed on a case-by-case basis.

In addition, the attributes of a technology must be viewed in the context of its overall value to the segments of population it intends to serve. Developing an understanding of the features of a technology and the rate of adoption in each segment of society is necessary for businesses services fee payment gateway using technology in the delivery of their products and services to determine which technologies have the greatest effectiveness within population segments.

As I discussed elsewhere, architects incorporate practical advantages of new technology into structures shaping our behavior, while architecture involves employing a more complex process of changing social taste. The matter of adoption of any sort of technology by individuals is an exercise in shaping the behavior of consumers as new technological marvels emerge. Traditionally, the factors propelling the advancement of technology have been centered on three basic themes: to reduce the amount of labor required for a specific or general task; the direct application for military use; and/or to facilitate commerce. These objectives have not been mutually exclusive; in many cases they enjoy a product/by-product relationship.

During the Middle Ages and subsequently until the late eighteenth century, the majority of the population was engaged in agriculture and the production of foodstuffs. The segments of society such as the ruling class, gentry, merchants, clergy, scholars and artisans were the minority and the gap between the haves and have-nots was much wider than in today’s society.

In medieval society, the socio-economic conditions were amplified by changes in climate and the development of technology that directly reduced the need for labour in agricultural production. The effects of natural changes in the environment (that is, droughts, floods, plague, amongst others) significantly affected the availability and productivity of the labour force. Like the ebbs and flows in the information-based free payment gateway e Business society, the shortfalls in revenues, compensation packages, working conditions and living environment make the labour force of today extremely mobile. Unlike their medieval counterparts, contemporary laborers can adapt and seek out work more akin to how they want to work and in the type of organization which suits their work style.

In a report issued in 1995, which controlled for factors like age of equipment, industry, and establishment size, EQW [educational quality of the workforce] showed that, on average, a 10 percent increase in workforce education level led to an 8.6 percent gain in total factor productivity. By comparison, a 10 percent raise in capital stock – that is, the value of equipment – increased productivity just 3.4 percent. Put another way: the marginal value of investing in human capital is about three times greater that the value of investing in machinery. A goal is any action or engagement that builds a relationship with your visitors, such as the completion of a feedback form, a subscription request, leaving a comment on a blog post, downloading a PDF whitepaper, viewing a special offers page, or clicking a mailto.

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