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Technological change (TC) or technological development is the overall process of invention, innovation and diffusion of technology or processes. [1] [2] In essence, technological change covers the invention of technologies (including processes) and their commercialization or release as open source via research and development (producing emerging technologies), the continual improvement of ...
Technological change is included in the JEL classification codes as JEL: O3 Wikimedia Commons has media related to Technological change . The main article for this category is Technological change .
An important feature of relevant theories of technological change therein is that they underline the quasi-evolutionary character of technological change: change based on technological variation and social selection in which technological knowledge, systems and institutions develop in interaction with each other.
A technological revolution is a period in which one or more technologies is replaced by another new technology in a short amount of time. It is a time of accelerated technological progress characterized by innovations whose rapid application and diffusion typically cause an abrupt change in society.
The technological transitions framework does acknowledge the co-evolution and mutual unfolding of societal change alongside technological innovation. However, the socio-technical transitions framework considers a more encompassing view of the interdependent links that technology maintains with systems that both generate the need for new ...
Technological change is the largest cause of long-term economic growth. [ 62 ] [ 63 ] Throughout human history, energy production was the main constraint on economic development , and new technologies allowed humans to significantly increase the amount of available energy .
The term "technological evolution" captures explanations of technological change that draw on mechanisms from evolutionary biology. Evolutionary biology was originally described in On the Origin of Species by Charles Darwin. In the style of this catchphrase, technological evolution can be used to describe the origin of new technologies.
Dates are often approximate and change as more research is done, reported and seen. Older examples of any given technology are often found. The locations listed are for the site where the earliest solid evidence has been found, but especially for the earlier inventions, there is little certainty how close that may be to where the invention took ...