The newest forms of technological changes that are occurring now are:
- a) blockchain
- d) biotechnology
- f) wearable technology.
What are technological changes?
Technological change is the increased efficiency in production outputs given reduced inputs.
Technological change occurs through the processes of the invention, innovation, and diffusion of more technological tools and products.
Technological changes have occurred over the year, with more changes taking place in recent times. From the industrial age, the world has witnessed bigger and better technological changes. And more changes are expected in the nearest future.
Technological change has produced positive results, including:
- Increased wealth generation
- Decreased national self-reliance
- Increased efficiency and lower costs
- Creation of new products and processes.
Thus, the newest forms of technological change that are occurring now are blockchain, biotechnology, and wearable technology.
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Question Completion with Answer Options:
a) blockchain
b) automobiles
c) wind turbines
d) biotechnology
e) smartphones and laptops
f) wearable technology
