Low-Cost Technology
Low-cost technology refers to affordable tools and devices that provide essential functions without high expenses. This type of technology is often designed to be accessible to a wider audience, including individuals and small businesses. Examples include budget smartphones, basic laptops, and open-source software, which allow users to perform necessary tasks without breaking the bank.
The rise of low-cost technology has been driven by innovations in manufacturing and design, making it possible to produce effective products at lower prices. This trend supports digital inclusion, enabling more people to access information and services online, thus bridging the gap in technology access across different socioeconomic groups.