Technological change (TC) is a term that is used to describe the overall process of invention, innovation and diffusion of technology or processes. The term is synonymous with technological development, technological achievement, and technological progress. In essence TC is the invention of a technology (or a process), the continuous process of improving a technology (in which it often becomes cheaper) and its diffusion throughout industry or society. In short, technological change is based on both better and more technology.
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Read more about Technological Change: Modelling Technological Change, Technological Change As A Social Process, Economics
Famous quotes containing the words technological change and/or change:
“Technological change defines the horizon of our material world as it shapes the limiting conditions of what is possible and what is barely imaginable. It erodes ... assumptions about the nature of our reality, the “pattern” in which we dwell, and lays open new choices.”
—Shoshana Zuboff (b. 1951)
“We are conscious of an animal in us, which awakens in proportion as our higher nature slumbers. It is reptile and sensual, and perhaps cannot be wholly expelled; like the worms which, even in life and health, occupy our bodies. Possibly we may withdraw from it, but never change its nature. I fear that it may enjoy a certain health of its own; that we may be well, yet not pure.”
—Henry David Thoreau (1817–1862)