Question: How Does Microsoft Help The Economy?

Why is Microsoft important to the world?

Why Microsoft is Important Microsoft’s history shows us what can happen with competition and an ambitious drive for new ideas, even with a little controversy.

But the fact of it is, they created the software that helps to drive our world the way we see it and use it..

How did Microsoft impact the world?

Over time, Microsoft has had a huge impact on society. Microsoft was responsible for inventing the world’s most successful processor. Microsoft has expanded the internet as well as computer systems and gaming systems. …

Why is Bill Gates so successful?

Entrepreneur and businessman Bill Gates and his business partner Paul Allen founded and built the world’s largest software business, Microsoft, through technological innovation, keen business strategy and aggressive business tactics. In the process, Gates became one of the richest men in the world.

Why economic growth is important for a country?

Economic Growth is important because it is the means by which we can improve the quality of our standard of living . It also enables us to cater for any increases in our population without having to lower our standard of living.

Why was Microsoft created?

Microsoft (the word being a portmanteau of “microcomputer software”) was founded by Bill Gates and Paul Allen on April 4, 1975, to develop and sell BASIC interpreters for the Altair 8800. It rose to dominate the personal computer operating system market with MS-DOS in the mid-1980s, followed by Microsoft Windows.

Which country has best economy?

Per the United Nations (2018)RankCountry/TerritoryGDP (US$million)World83,844,9881United States20,807,2692China15,222,155—European Union14,926,538142 more rows

Why is the economy so important?

Economics is important for many areas of society. It can help improve living standards and make society a better place. Economics is like science in that it can be used to improve living standards and also to make things worse. It partly depends on the priorities of society and what we consider most important.

What things help the economy?

A company that buys a new manufacturing plant or invests in new technologies creates jobs, spending, which leads to growth in the economy. Other factors help promote consumer and business spending and prosperity. Banks, for example, lend money to companies and consumers.

How old is Bill Gates now?

64 years (October 28, 1955)Bill Gates/Age

Why is Microsoft more successful than Apple?

Microsoft is also a more profitable company than Apple. Microsoft’s net profit margins are a whopping 30% of total sales compared to net margins of 22.5% for Apple. Finally, Microsoft is now a far more diversified company than Apple. Yes, Apple still sells iPads, Macs and has a growing services and App Store business.

What are the negative effects of economic growth?

Environmental costs. Higher output will lead to increased pollution and congestion which can reduce living standards e.g. increase in breathing problems, time wasted in traffic jams e.t.c. China’s break-neck period of economic growth has led to increased pollution and congestion levels.

What are the causes of economic growth?

Economic growth is caused by two main factors: An increase in aggregate demand (AD) An increase in aggregate supply (productive capacity)…2. Long-term economic growthIncreased capital. … Increase in working population, e.g. through immigration, higher birth rate.More items…•

What happens if the economy crashes?

If the U.S. economy collapses, you would likely lose access to credit. Banks would close. Demand would outstrip supply of food, gas, and other necessities. If the collapse affected local governments and utilities, then water and electricity might no longer be available.

What does the economy do?

An economy encompasses all activity related to production, consumption, and trade of goods and services in an area. An economy applies to everyone from individuals to entities such as corporations and governments.

How has Microsoft been successful?

They have enjoyed great successes with their flagship operating system (Windows), Microsoft Office, enterprise platforms, and many others. … Microsoft has responded to these changes by making their products and tools available on devices and platforms which may compete with Windows or other Microsoft products.

How the PC changed the world?

Computers have changed the world in many ways. They allow huge amounts of information to be stored in a small space. … Computers were first designed to help a person calculate numbers; this function can be seen as far back as 2000 B.C. with the use of the abacus. Modern computers are simply very advanced calculators.

Why was Windows 95 so successful?

The importance of Windows 95 can’t be downplayed; it was the first commercial operating system aimed and regular people, not just professionals or hobbyists. That said, it was also powerful enough to appeal to the latter set as well, including built-in support for things like modems and CD-ROM drives.

What is the richest country in world?

QatarQatar is, by far, the richest country in the world, with a GNI per capita of $116,799 — more than $20,000 higher than any other nation. The country has more in oil reserves than all but two other countries worldwide — equal to 13% of the global supply.