Technological change (TC) is a term that is used to describe the overall process of invention, innovation and diffusion of technology or processes. The term is synonymous with technological development, technological achievement, and technological progress. In essence TC is the invention of a technology (or a process), the continuous process of improving a technology (in which it often becomes cheaper) and its diffusion throughout industry or society. In short, technological change is based on both better and more technology.
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Read more about Technological Change: Modelling Technological Change, Technological Change As A Social Process, Economics
Famous quotes containing the word change:
“You can’t change what happened between you and your ex-spouse, but you can change your attitude about it. Forgiveness doesn’t mean that what your ex did was right or that you condone what he or she did; it simply means that you no longer want to hold a grudge. Forgiveness is not a gift for the other person; it is a purely selfish act that allows you to put the past behind you.”
—Stephanie Marston (20th century)