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The oil drill is an illustration of a technological advancement that enhanced the nation's natural resource base.
What does the term "technology innovation" mean?
- A new or enhanced product or procedure with considerably better technological features is referred to as a technological innovation.
- New products (product innovations) or processes (process innovations) that have been commercialized constitute technologically implemented product innovations.
- An expanded definition of innovation is technological innovation. Although innovation is a fairly well-defined notion, many people—especially those in the academic and corporate worlds—understand it to mean different things.
- Technological breakthroughs including wind turbines, photovoltaic cells, concentrated solar power, geothermal energy, ocean wave power, and many other recent innovations are included in the innovations.
- Innovation in technology benefits society. By bringing new, better products and services to the populace, it raises productivity and raises the level of living for everyone.
- Innovation's advantages sometimes take time to manifest. They frequently affect the entire population in a wide sense.
To learn more about technological innovation, refer to:
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