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Unit 2 Written Assignment

Unit 2 Written Assignment

Q In your opinion, please explain what was the most important technological innovation in the last twenty years. • Why do you think it was the most important technology innovation? • What was the demand for this technology innovation? • How has this technology innovation been supplied to the consumers? • How has the law of demand affected this technology innovation? • Explain if there was equilibrium in supply and demand for the technology innovation. o If there has not been equilibrium in supply and demand for the technology innovation, then discuss what can be done to reach equilibrium. Compose your paper using Microsoft Word or a Word compatible word processor (LibreOffice, Google Docs, etc.). Your paper must be 2 pages in length using 12-point Times New Roman font and include an introduction, body, and conclusion. You must also cite sources using APA format.

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In my opinion, phones are considered the most important technological innovation in the last twenty years. In the previous year, we all used cell phones or feature phones which could be used only for speaking and messaging another one. Before the 21st century, mobile phones existed in the economy. From the feature phone there came smartphones in the economy. Samsung, Real, etc. company took a major role to introduce the smartphone to the market. In the year 2007, Apple introduced the iPhone to the market (Hammond, 2020). These phones are touch screens.