Technological progress Teacher: Shoazizova A

• Technological progress
• Teacher: Shoazizova A
• Student:Qosimov A

Technological progress refers to the discovery of new and improved methods of producing goods.Changes in technology lead to an increase in productivity of labour capital and other factors of production.Technology refers to the process through which inputs are transformed into outputs.

• Technological progress refers to the discovery of new and improved methods of producing goods.Changes in technology lead to an increase in productivity of labour capital and other factors of production.Technology refers to the process through which inputs are transformed into outputs.

In todays’ society modern technology is evidently developing rapidly and it is portrayed as a negative impact. It can be seen that technology is a substitution of all characteristics of life.The purpose of every technological invention is to benefit the lives of mankind,thus renforcing the positive connocation of technology.

In todays’ society modern technology is evidently developing rapidly and it is portrayed as a negative impact. It can be seen that technology is a substitution of all characteristics of life.The purpose of every technological invention is to benefit the lives of mankind,thus renforcing the positive connocation of technology.

• In economics it is widely accepted that technology is the key driver of economic growth of country, regions and cities.Technological progress allows for the more efficient production of more and better goods and services,which is what prosperity depends on.Also technology progress is essential to growth of the economy and more advances and help to develop economy fields.