While writing this article we would be making an attempt to get the exact or get a nearby definition for the term “New Technology”.
What is New Technology
It could be any set of productive techniques that provide a significant improvement (which could be measured or calculated in the terms of an increase in the existing output or savings on the costs, that we are incurring in the current situation, when the new technology is used as a replacement for the established technology in a specific historical context.
While writing this article we would be making an attempt to get the exact or get a nearby definition for the term “New Technology”.
What is New Technology
It could be any set of productive techniques that provide a significant improvement (which could be measured or calculated in the terms of an increase in the existing output or savings on the costs, that we are incurring in the current situation, when the new technology is used as a replacement for the established technology in a specific historical context.
Thus defined, what is seen here as new is obviously subject to continual redefinition, as successive changes in technology are applied.
Thus defined, what is seen here as new is obviously subject to continual redefinition, as successive changes in technology are applied.
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