In Economics, Technology Only Refers to the Development of New

question 6

True/False

In economics, technology only refers to the development of new products.

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Definitions:

Elite Theory

A theory in sociology and political science that posits a small minority, consisting of members of an economic and social elite, holds the most power and thus governs the majority.

Autocracy

A form of government in which a single individual holds unlimited power, making decisions without substantial consultation or democratic participation.

Social Movement

Organized, collective efforts by people to bring about or resist social change, often aimed at addressing social issues or injustices.

Wartime Deaths

Fatalities that occur during armed conflict, including both military personnel and civilians.