Final answer:
Modern smartphones exemplify the process of dematerialization, where one device performs the functions of many, and are also an example of planned obsolescence, where technology becomes outdated quickly. Moreover, these devices provide life-changing functions that alter the way we socialize, work, and entertain ourselves.
Step-by-step explanation:
Modern smartphones exhibit a process called dematerialization, which means the functions of many physical devices are included in one other physical device. This concept is a part of modernization, a transition towards more advanced, technology-driven structures and processes in society. Mobile phones, which once solely functioned as communication devices, now serve multiple purposes including as cameras, music players, GPS systems, web browsers, and more; effectively condensing several gadgets into one multipurpose device.
The planned obsolescence is another concept closely associated with modern technology, especially smartphones. It refers to the design and manufacturing philosophy where devices are built with an artificially limited useful life so they will become obsolete within a few years, pushing consumers to purchase newer models.
Moreover, technology profoundly influences our lives through its life-changing functions, such as providing platforms for socialization, entertainment, and enabling commercial opportunities. For instance, fundraising campaigns and virtual communication methods like video calls are made significantly easier through technological advancements.