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What is the difference between technology and technological change?

A) Technology refers to tools; technological change is the process of implementing new tools
B) They are synonymous terms
C) Technology is theoretical; technological change is practical
D) Technology is static; technological change is dynamic

User Nimbous
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Final answer:

Technology refers to tools and ways of doing things, while technological change is the process of implementing and innovating those tools.

Step-by-step explanation:

Technology refers to the invention of new products, new ways of producing goods and services, and new ways of managing a company more efficiently. It encompasses all the ways in which existing inputs produce more or higher quality, as well as different and altogether new products.

Technological change is the process that combines invention, advances in knowledge, and innovation. It involves the development and implementation of new technologies that lead to improvements in existing products or the creation of entirely new ones.

Therefore, the main difference between technology and technological change is that technology encompasses the tools and ways of doing things, while technological change focuses on the process of implementing, improving, and innovating those tools.

User Pavan Garre
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