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A technological revolution may involve material or ideological changes caused by the introduction of a device or system. It may potentially impact business management, education, social interactions, finance and research methodology, and is not limited to technical aspects. It has been shown to increase productivity and efficiency. A ...
The concept of a technological innovation system was introduced as part of a wider theoretical school, called the innovation system approach. The central idea behind this approach is that determinants of technological change are not (only) to be found in individual firms or in research institutes, but (also) in a broad societal structure in which firms, as well as knowledge institutes, are ...
This term encapsulates the interplay between technology and capitalism, highlighting how advancements in technology influence economic structures, labor markets, and social relations. A significant aspect of technocapitalism is the rise of the intangible economy, which is marked by the increasing importance of non-physical assets such as ...
The focus of evolutionary economics is on economic change, but as a driver of this technological change has been considered in the literature. [5] Joseph Schumpeter, in his classic Theory of Economic Development [6] placed the emphasis on non-economic forces as the driver for growth. The human actor, the entrepreneur is seen as the cause of ...
Technocentrism is a value system that is centered on technology and its ability to control and protect the environment. [citation needed] Technocentrics argue that technology can address ecological problems through its problem-solving ability, efficiency, and its managerial means. [1]
Industrial ecology (IE) is the study of material and energy flows through industrial systems. The global industrial economy can be modelled as a network of industrial processes that extract resources from the Earth and transform those resources into by-products, products and services which can be bought and sold to meet the needs of humanity.
Hughes's thesis is a synthesis of two separate models for how technology and society interact. One, technological determinism, claims that society itself is modified by the introduction of a new technology in an irreversible and irreparable way—for example, the introduction of the automobile has influenced the manner in which American cities are designed, a change that can clearly be seen ...
A biologist conducting research in a biotechnology laboratory. Biotechnology is a multidisciplinary field that involves the integration of natural sciences and engineering sciences in order to achieve the application of organisms and parts thereof for products and services.