Final answer:
Technological development encompasses the continuous improvement and advancement of technology in various fields, including the invention of new products and the development of new methods and processes.
Step-by-step explanation:
Technological development refers to the continuous improvement and advancement of technology in various fields. It includes the invention of new products, the development of new methods and processes, and the creation of innovative ways to manage and organize a company or industry. Technological development plays a crucial role in shaping how people live, work, and interact with the world.