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To clearly see the role of science and technology in economic growth, it is important to understand the concepts of: what is science, what is technology, between science and technology? Science is a conscious system of phenomena, things, laws of social nature and thought. The purpose of science is to search, to explain the cause of things, phenomena, processes in nature and society of thought. The content of science answers the "why" question. According to the approach from the way of organizing scientific research people divided into basic science and applied science. If science is a consciousness system, technology is a collection of methods, procedures, techniques, know-how, tools, means to convert resources into desired products and services. Technology has four elements: tools, people, information and organization. These four elements interact with one another and together carry out the production process, referring to technology, which refers to " how".
Advantages :))
Science and technology has become a debated topic in the society. On one hand, it is necessary for the modern life where other countries are continuously developing in the field of science and technology. It becomes very necessary for other countries too to grow in the same way to be strong and well developed like other countries for the future safety and security. It is science and technology which helps other weak countries to develop and be strong. We have to take support of science and technology forever to improve the way of life for the betterment of mankind. If we do not take the help of technologies such as computer, internet, electricity, etc we cannot be economically strong in the future and would be backward forever even we cannot survive in such a competitive and technological world.
Advancement in the field of medical, agriculture, education, economy, sports, games, jobs, tourism, etc are the examples of science and technology. All such advancements show us that how both are equally beneficial for our life. We can see a clear difference in our life style while matching the ancient and modern way of life. High level of scientific and technological advancement in the field of medicine has made easy the treatment of various lethal diseases which was earlier not possible. It has helped a lot to the doctors to find effective ways to cure diseases through medicine or operations as well as research vaccines to cure diseases such as cancer, AIDS, diabetes, Alzheimer’s, Leukemia, etc.
Disadvantagesssss :)))
Disadvantages of science not much but technology, yes. Technology has in our lives helped in creating comfort, increasing productivity and connecting more of us with each other. While it has some advantages like I can effortlessly travel between two far away places, do more stuff in a day and talk to my mom and dad over the internet where we are miles away from each other, it has its pitfalls.
First, it has made us move less than we used to. We don't walk much as our ancestors did. We don't lift things to clean, slog and move our muscles to do household chores. This makes one of the greatest problems of the western world - obesity.
Secondly, increased productivity and better refrigeration means increased production of processed foods. Junk foods with high concentrations of sugar and fat. Again a problem that is faced globally and in more in the western world like diabetes, high cholesterol, coronary heart disease. Etc.
Thirdly, connecting more of us with each other. This is a boon and a bane. When you are Connected it's not just you who gets access to the internet but also that the internet has access to you. This can have adverse consequences if not used cautiously like cyber data crimes - e.g. The recent Facebook-Cambridge analytica issue which led to personally identifiable information to be sold without consent to a third party by Facebook.
Finally, it's not just the technology to be really blamed here. It's the abuse of technology like misusing or total reliance on technology for basic tasks that make it a disadvantage.