Science And Technology Development Economics

Science and Technology Development Economics. Meaning of Technology. Importance of Technology. Use of Natural Resources. Best Use of Capital. Saving of Time. Specialization. Improvement in Quality. Expansion of Industry. Improvement in Labour Efficiency. International Trade. Importance for Research. Saving of Labour. Increase in National Income. Development of all the sectors. Technology can help the economy. Direct job creation. Contribution to GDP growth. Emergence of new services and industries. Workforce transformation. Business innovation. The Importance of Incremental Innovation. Innovation as a Knowledge-based Process. The Challenge of Discontinuous. Innovation. Christensen’s Disruptive Innovation Theory. Other Sources of Discontinuity. At this generic. Suggested that there are three key questions in innovation management.