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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 ...
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 .
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.
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 ...
The 12 E. coli LTEE populations on June 25, 2008. [1]The E. coli long-term evolution experiment (LTEE) is an ongoing study in experimental evolution begun by Richard Lenski at the University of California, Irvine, carried on by Lenski and colleagues at Michigan State University, [2] and currently overseen by Jeffrey Barrick at the University of Texas at Austin. [3]
When looking at the long run, both of these funds can make for promising long-term investments regardless of short-term trends in the market. There is a lot of overlap between them.
In futures studies and the history of technology, accelerating change is the observed exponential nature of the rate of technological change in recent history, which may suggest faster and more profound change in the future and may or may not be accompanied by equally profound social and cultural change.