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Word Count: 561
Technological changes today and in the near future will be the greatest influence on Business as we know it With the development of computers and robots the requirements for many industries will fill up extremely quickly By having machines to perform complex and monotonous operations by humans industries will seek out their aid and most likely affect the employment rate both ways There is no question that many individuals will lose their jobs but at the same time new options will arise An example would be the development of the Telstat Telecommunications satellite that opened the door for many unemployed citizens who possessed the key ingredient to hold down such a job This ingredient would be based upon Tofflers thesis that information is the most valuable aspect our lives and that wealth is insignificant compared to the rewards of knowledge There is an abundance of positions available to Canadians that cannot be completed by computers at least for the time being and therefore our standard of living and quality of life will not be depleted Technologies will either be the blessing or curse for society in the future and depending on the position of our government will we be able to make sure that our standard of living does not decrease The deficit poses a severe problem in a country littered will such vast natural resources and a high education level in its populace The presence of inflation in the cost of goods will not profit private businesses if they are unable to compete with the demand from the public With major corporations seeking to gain from an increase in expenditures it would become vital for a private business to take advantage of the situation by lowering their prices to accommodate the flow of income At the same token it is important for private business to avoid depleting their assets in order to maintain a steady flow of provisions Without maintaining a close look at
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