Wysłany: Wto Lip 02, 2019 9:27 am Temat postu: What is a Technological Change?
Dołączył: 13 Gru 2018 Posty: 5
In economics, a technological change is an increase in the efficiency of a product or process that results in an increase in output, without an increase in input. In other words, someone invents or improves a product or process, which is then used to get a bigger reward for the same amount of work.
The telephone is an example of a product that has undergone a technological change. It has undergone many different changes over the years that have made it more efficient. Processes or products, such as the telephone, move through technological change in three stages:
Invention - the creation of a new product or process
Innovation - the application of the invention for the first time
Diffusion - how fast others begin to adopt the innovation _________________ Web Design Dubai