What are the three stages of technological change?Innovation, feasibility and launchPlan, act and doInvention, innovation and diffusionImplementation, testing and launch (2024)

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Question

What are the three stages of technological change?


  1. Innovation, feasibility and launch
  2. Plan, act and do
  3. Invention, innovation and diffusion
  4. Implementation, testing and launch

A

Innovation, feasibility and launch

B

Plan, act and do

D

Invention, innovation and diffusion

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Solution

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Technological change is a change in production process which resultsin increase in output. It involves three stages Invention, Innovation, Diffusion.

  • Invention: the creation of a new product or process.
  • Innovation: the application of the invention for the firsttime.
  • Diffusion: how fast others begin to adopt the innovation.

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What are the three stages of technological change?Innovation, feasibility and launchPlan, act and doInvention, innovation and diffusionImplementation, testing and launch (2024)
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