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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
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.
Since much of technology is applied science, technical history is connected to the history of science. Since technology uses resources, technical history is tightly connected to economic history. From those resources, technology produces other resources, including technological artifacts used in everyday life.
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 mathematical science of logic likewise had revolutionary breakthroughs after a similarly long period of stagnation. But the most important step in science at this time were the ideas formulated by the creators of electrical science.
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.
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
The history of science and technology (HST) is a field of history that examines the development of the understanding of the natural world (science) and humans' ability to manipulate it at different points in time. This academic discipline also examines the cultural, economic, and political context and impacts of scientific practices; it ...