Societal effects of robotics can be both positive and negative. On the positive side, robotics can increase productivity and efficiency, reduce labor costs, help to reduce human error, address issues such as environmental protection, health care and public safety. Robotics may also create new career opportunities or enhance existing ones. On the negative side however there are concerns that robots could replace humans in certain jobs leading to job losses or a decrease in wages for those who remain employed; this could have a detrimental impact on local economies as well as individuals’ livelihoods. Additionally ethical considerations must be taken into account when developing robotic technology such as what responsibilities robots should have when interacting with humans; if not monitored closely it is possible for large companies with access Robotics technologies will gain an unfair advantage over smaller competitors who lack similar resources. The political effects of robotics can be both positive and negative. On the positive side, robotics can help to reduce labor costs, increase productivity and efficiency, reduce human error and improve public safety. Robotics may also lead to greater economic growth by creating opportunities for new businesses or industries that would not have been possible otherwise. On the negative side however some people worry that robots could replace humans in certain jobs leading to job losses or a decrease in wages for those who remain employed; this could have a detrimental impact on local economies as well as individuals’ livelihoods. Additionally privacy concerns associated with robotic technology have raised further questions about potential regulations needed on its use.. Finally it is important that any decision regarding robot technology must take into account ethical considerations such as what responsibilities robots should have when interacting with humans. The economic effects of robotics can be both positive and negative. On the positive side, robots can help to increase productivity and efficiency by reducing labor costs, increasing production speeds, improving product quality and accuracy. Additionally, robotics may create new opportunities for businesses or industries that had been previously too costly or inefficient to operate. On the negative side however some people worry that robots could replace humans in certain jobs leading to job losses which could have a detrimental impact on local economies as well as individuals’ livelihoods. Furthermore while some countries are investing heavily in research into robotic technology; other countries lack access to such resources meaning they may miss out on the potential economic benefits offered by robotics technology due its high cost of entry into this market