3 years ago

The difference between technology and technological change is that

1 answer:

8 0

Answer and Explanation:

Technology refers to the innovative processes and systems that are employed or used by a firm to transform inputs into output in the most efficient and effective way while technological change refers to an increase in product or process efficiency that enables higher and better output holding inputs constant. In other words it is a change in a firm's ability to produce a level of output with a given quantity of inputs.

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