Technological Change
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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. 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 redundant 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. It its earlier da...
Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. 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 redundant 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. It its earlier days, technological change was illustrated with the ''Linear Model of Innovation'', which has now been largely discarded to be replaced with a model of technological change that involves innovation at all stages of research, development, diffusion and use.
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