Advancement in technology and popularity of social media helps facilitate and reduce costs in many aspects of life as well as the
business
and educational activity. The significant decline in cost helps close the wide gap of income groups which offers opportunity for people not only the rich, but
also
the poor and middle class to be capable of receiving higher
education
and
also
start their businesses easily than in the past. In my opinion, I agree with
this
statement and I will outline the reasons in the essay.
To begin
with, people regardless of their family background are able to receive the high quality of
education
when compared to the past. The research from Imperial College London revealed that the percentage of people in Thailand, who have earned at least undergraduate degrees, had increased more than 70% when compared to the same figure 50 years ago. The significant point is that technology in the educational system provides more options for people to select and register to learn online class from well-known universities
instead
of traditional class and so help reduce both travelling costs and the tuition fee for them while they are studying.
Therefore
, advancement in
education
offers various choices for people to receive a degree while in the past only the elite group are able to.
Another important point is that social media allows people to start
with less money investment but still have a higher chance of success. People can start to have
with a small amount of investment, whereas
this
case is unable to happen when online platforms are not widely used as nowadays.
For instance
, the founder of Airbnb, started their
business
in 2008 by posting their apartment for rent on Facebook and after that they invested only less than five hundred dollars but received the immediate profit more than double.
Moreover
, the popularity of websites caused Airbnb
business
to grow more than triple its revenue only a few months and became a billion worth of
business
as of today. The easy way to make money is caused by the development of social platforms which allow people with ideas
to begin
their businesses.
In conclusion, people have more opportunities not only for receiving
also
starting their
business
because of the development of both technology and social online platform.