Technological Advancement

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  • 1 Types
August 31, 2024 4 min read Definitions
Labour-Augmenting Technical Progress: Enhancing Workforce Efficiency
Economics Technology Labour-Augmenting Technical Progress Production Function Economics Technological Advancement
Labour-Augmenting Technical Progress refers to technological advancements that increase the effective input of labour in the production process.
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August 31, 2024 4 min read Definitions
Technical Progress: Advancement in Production Techniques
Economics Technology Technical Progress Economics Production Productivity Technological Advancement
Technical Progress refers to the improvement in knowledge about techniques for production, allowing for increased output from unchanged inputs, the same output from fewer inputs, or the production of new forms of output.
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August 25, 2024 4 min read Definitions
Technological Unemployment: A Modern Challenge
Economics Technology Unemployment Technological Advancement Labor Market Automation Economic Disruption
Unemployment caused by advances in technology, altering job requirements and making certain skills obsolete.
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