The document discusses technology and its role in creating wealth and competitiveness. It defines technology as the knowledge applied in products, processes, tools, methods and systems used to meet objectives. Technology has four components: hardware, software, brainware, and know-how. The document states that technology creates wealth when it connects technological development with market needs and customer satisfaction. Technological breakthroughs open opportunities for economic growth, but competitiveness in the global market requires integrating product technology, production technology, and market demands.