Impact of video games on the economy

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The ancient days called for vast computer setups and in big rooms built for the same purpose which could be operated only through the skilled and the trained people in the information technology. All major sectors, including Banks, Military and major corporations did computing to the utmost level. However, during an era of the 1960's life took a twist and turn and MIT called for the installation of the new kind of computers. Such computers did not require a room of their own rather the computers were installed in a common space to be used by everyone and not just the particular individuals. This was the time, when the term hacker was initiated wherein the hacker seemed to be an abnormal person who would experiment, create useless graphics, cut corners or maybe produce things that are strikingly strange for a normal mind.

 

The gaming industry certainly affects the economy in many ways, wherein unnoticeably, the gaming industry is providing job stability to nearly two million people and making one or the other breadwinner of the house. In this way, the gaming industry is receiving popularity and attracting new talent which in turn tends to bring in more revenue. Talking further, video games have tended to create more job opportunities by paying high amounts to the serving players and low amounts to the freshers. The advancement in technology has been a driving force for many wherein the efforts of the entrepreneurs are supported, other entertainment industries are subsided, and the sprawling of wealth in various other states.

 

Just like movies and the television industry, the gaming industry has become one of the vital forces for people as it brings in wealth, talent and acts as a strong driving force for the habitants and earning bread and butter. The aspiration of the audience in seeing everything digitally after making a shift from the physical world has been the top most priority. Certainly, the content is expected to be delivered in numerous ways, wherein the gaming industry or the digitalization has transformed itself into the peak of modernism. Moreover, the existence of the unprecedented times of Covid 19 upsurge the need for work from home, however, the gaming industry certainly evolved itself impeccably and affected the economy in a better way.

 

While we talk in numbers there are around 11,400 individual gaming organizations in the world wherein the gaming companies directly employ people and indirectly support the newly talented buds by training them. In this way or the other, the gaming industry has become a vast economic spine in the world. Another way that the video games are affecting the economy is the way there is an innovation in technology at a fast pace, updated interface designs with haptics, impeccable graphics made with latest advancement, designing of mobile apps and different mobile systems, software and hardware engineering and refraining from networking glitches has been a major challenge to affect the economy in a positive way. Moreover, innovations in the gaming industry have affected the economy by rendering to other industries like the medical robotics navigation, military training and simulation, educational and training applications. However, gaming industry or the rise of video games, also acts as an influential stream for the youth and helps them avail more opportunities. Certainly, it is very important for the public and other fellow members to know that the Government is trying to play with new trends to have an upsurge in the economy out of which being more competitive in this industry will for sure help in creating jobs for the youth and for the betterment of the economy.

 

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