The economic impact on the invention of the telephone changed many peoples lives. Many people who own cell phones or telephones have to pay more money for a charger, battery, calling, texting, and insurance. The telephone was very popular when it first came out for the public. The telephone was so large and heavy it was too hard to carry around. After Alexander Graham invented the telephone, many people realized that they could make more money off of the phones by manufacturing them cheaper and selling them for more money. Many people do that now with cell phones. The cell phone also opened up many job opportunities for many people, such as factory workers, and people to run telephone stores. Also many properties must have been bought for areas to make and sell them. The invention of the telephone also supported the idea and made it much easier for businesses to expand to other countries, and with the incredible smart phones today, people can work from almost any location so they might not need as much office space.