3d Printing And Its Effects On The Economy

3d Printing And Its Effects On The Economy

According to techrepublic.com, the popularity of 3D printing is expected to grow up to 75 percent within the next year which will create a huge rise in popularity of the new technology. Because of this, a new market of 3D printing will begin to grow and emerge very rapidly due to curiosity which makes this new technology a huge effecting factor on the economy. 3D printing is the process of additive manufacturing which creates objects by using a nozzle with a ABS plastic filament, melting the plastic, and layering the plastic in the appropriate locations in order to create an object. Though it is a relatively simple process, it takes a lot of calibration and fine tuning and the end result can be breathtaking. Because of the rapid growth and popularity of this new technology, many different people, commercial manufactures to household families, are curious to get their hands on a 3D printer. Since the technology is bound to change the way people and businesses handle daily tasks, 3D printing may have some negative economic effects such as hurting international trade with other countries and harmful health effects due to the chemicals used in the printing process. Though these are harmful to the economy, there are even more positive effects such as helping provide clean water for 3rd world countries, producing customized products for less money, and creating extra educational aids for impaired students. Because this technology is so new and still evolving, especially in public

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