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The time period with the highest concentration of technological innovations is labeled as a "technological revolution" A period of technological revolution (an innovation phase) is associated with economic revival. When new as well as already-proven and reliable technologies are available, interest in new technological development temporarily ...
The Russian economist Kondratiev [7] proposed that economic growth operated in boom and bust cycles of approximately 50 year periods. These cycles were characterised by periods of expansion, stagnation and recession. The period of expansion is associated with the introduction of a new technology, e.g. steam power or the microprocessor.
A long-term experiment is an experimental procedure that runs through a long period of time, in order to test a hypothesis or observe a phenomenon that takes place at an extremely slow rate. What duration is considered "long" depends on the academic discipline .
Some argue that this logic can be extended. The custom of classifying periods of human development by its dominating general purpose technology has surely been borrowed from historians, starting with the Stone Age. Including those, authors distinguish three different long-term metaparadigms, each with different long
The maturity phase of the technology is a period of stable and remunerative income but its competitive viability can persist over the larger timeframe marked by its 'vital life'. However, there may be a tendency to license out the technology to third parties during this stage to lower risk of decline in profitability (or competitivity) and to ...
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.
Short-term goals. Long-term goals. Vacation. Retirement. Down payment for a car or house. Opening a business. Deposit for a new apartment. Paying for a child’s education
A communications artifact (Rugby Aerial Tuning Inductor) at the Science Museum, London, UK . Science and technology studies (STS) or science, technology, and society is an interdisciplinary field that examines the creation, development, and consequences of science and technology in their historical, cultural, and social contexts.