2. •Technological change means the technical knowledge
used in the production of capital and machinery.
•Techonological progress comprises the creation of skill,
new means of production, & uses of raw materials.
• The technology is the most powerful means of wresting
power from nature in all possible ways.
3. Prof. Frankel assumes that :
“Technological change is not a mere improvement in
the technical know-how."
*SOCIAL CHANGE
*WILLINGNESS OR DESIRE
*MODIFYIMG SOCIAL, POLITICAL, &
ADMINISTRATIVE INSTITUTION .
4. According to J.P. Dewhurts
"Technology is in fact,
can be thought as a
productionof material
and human skills."
5. Technological Changes
-> Is the process of devising new goods and
techniques of production
->The development of new technical knowledge can
be defined as the growth of the new technique that
can produce goods and services at lesser cost of
production.
10. 3 Stages of Technical
Knowledge
•Formulation of scientific principles
•Application of these principles to give
technical problems.
•Developmentof technical inventions to the
point of commercial exploitation.
