Final answer:
Technology-based or industry-specific terms are known as technical language or jargon. These terms are used by professionals to communicate complex ideas within their field but may be unfamiliar to outsiders. Technology not only includes new inventions but also advancements in methods, quality, and efficiency.
Step-by-step explanation:
Terms related to technology or a particular industry are referred to as technical language or jargon. Experts in various fields use technical language to communicate complex and specialized ideas effectively amongst themselves. This type of language can be very specific and often includes concepts or terms that can be inaccessible or confusing to nonexperts. For example, in high-technology industries such as biotechnology or semiconductor design, professionals may discuss aspects like gene splicing or semiconductor doping, which are terms that the general public may not understand.
Moreover, technology refers to more than just the invention of new products; it also encompasses innovative methods of organizing work, enhancing quality of output, and the development of new institutions for efficiency. The continuous advancement in technology leads to the creation of new products and improvements in existing processes, sometimes so rapidly that traditional protection measures like patents may struggle to keep up.