technological change
Sign in to saveAlso known as TC, technological development, technological progress, development of technology, discovery of new technologies
process of invention, innovation and diffusion of technology or processes
~10 min read
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Technological change or technological development is the overall process of invention, innovation and diffusion of technology or processes. Technological change includes the invention of technologies (including processes) and their commercialization or release, research and development (producing emerging technologies), the continual improvement of technologies (toward goals such as maximizing profit), and the diffusion of technologies throughout industry or society (which sometimes involves disruption and convergence).
Modeling technological change