In economics, the best definition of technology is. the process a firm uses to turn inputs into outputs. Positive technological change is defined as. being able to produce more output using the same inputs and being able to produce the same output using fewer inputs.Click to see full answer. Keeping this in view, what is the best definition of technology?The best definition of technology is the following: Technology is applying scientific knowledge to find answers and fix problems. It is the usage of science and scientific knowledge for practical purposes. All other statements are consequences of applied technology. Technology includes methods, systems, and devices.One may also ask, what is the best definition of Technology economics? economics, the best definition of technology is. The process a firm uses to turn inputs into outputs. ?Further, positive technological change is defined as. Being able to produce more output using the same inputs. Being able to produce the same output using fewer inputs. Similarly, what is the correct definition of technology quizlet? Technology is the way / humans extend their abilities / through their environment to meet wants and needs. Technology is the way. Technology is an action that involves a detailed progression called the Technological Design Process. Technology is also sometimes defined as human innovation in action.What is one way that technology can improve the distribution of goods?Automation can create goods more cheaply and easily. Businesses can hire factory workers across the world. Container ships can transport a number of goods at once.
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