_____________Is the Phase of a Technology Cycle Characterized by Technological

question 51

Multiple Choice

_____________is the phase of a technology cycle characterized by technological substitution and design competition.

• A) Technological adaptation
• B) The era of dominant design
• C) The technological growth stage
• D) Change substitution
• E) Discontinuous change

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Definitions:

Human Capital

The combined capabilities, understanding, or other non-physical resources of people that can generate economic benefits for themselves, their companies, or their society.

Human Capital

The combined abilities, expertise, and non-physical assets of people that contribute to generating economic wealth.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives.

Determinants Of Productivity

Factors that influence the output that an individual, company, or economy can produce with a given amount of input, such as technology, human capital, and innovation.