Wednesday, May 11, 2011

Microsoft

 Perhaps no other company of a mass manufactured product has had a greater impact on the globally economy then when Microsoft invented Windows in 1987.Windows is a personal computer operating system from Microsoft that, together with some commonly used business applications such as Microsoft Word and Excel, has become a  "standard" for individual users in most corporations as well as in most homes. Microsoft with this invention revolutionized the way that individuals and corporations could access, organize, and transmit enormous volumes of information.The way that Microsoft's programs have impacted the economy is they have streamlined and made business processes so much faster, accurate and efficient has saved corporations thousands of dollars in operating costs as well as made them more competitive with other similar businesses worldwide. Another way that Microsoft has impacted the economy is all of the people they have employed throughout their 35 years, such as computer engineers, who are constantly inventing, and developing more sophisticated Microsoft software. It must also be noted that millions of jobs have been created in business offices around the globe to operate these Microsoft products for their individual employers. For example, since 1990, over 28% of the jobs added in Washington have been related to Microsoft. Microsoft contributed $9.16 billion dollars to Washington in 2008 through employee compensation and the company's direct purchases. The significance of the amount of money that individuals spend on Microsoft products for home use cannot be overstated because it is a huge share of the software market. They would probably have a complete monopoly of this part of the economy, if it were not for the competition of Apple.  


microsoft.com/presspass/features/2010/apr10/04-09WashingtonEconomy.mspx?rss_fdn=Topstories

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