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Technological Progress
Continuous Technological Revolution
The Continuous Technological Revolution is a historical phenomenon that began with the Industrial Revolution, characterized by an ongoing process of technological advancement that perpetually reduces the time and resources needed to produce most goods. This continuation of innovation saw the application of new general-purpose technologies across many industries, including electricity, various forms of transportation like canals, railroads, and automobiles, and the revolution in information and digital communication. A key feature of this ongoing revolution is that the time required to make products consistently decreases from one generation to the next, a stark contrast to the slow evolution of technology in the pre-industrial era.
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The Economy 1.0 @ CORE Econ
Ch.1 The Capitalist Revolution - The Economy 1.0 @ CORE Econ
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Measures of Technological Progress
Technological Progress and Wage Increase
Which of the following best describes the impact of technological progress on production efficiency?
How does technological progress typically affect the production process in various industries?
Which of the following is a direct result of technological progress in production?
Which of the following is an example of technological progress in manufacturing?
Mechanisms of Technological Improvement and Sustained Growth in Living Standards
Impact of New Technologies on Labor Productivity
Analyzing Historical Production Changes
Analyzing Production Efficiency
Evaluating a Production Shift
A manufacturing plant that produces bicycle frames manages to double its weekly output from 500 to 1,000 frames. Which of the following scenarios is the best example of this increase being caused by technological progress?
A pottery workshop doubles its daily output of ceramic mugs. Four different changes were made at the workshop. Which of the following changes best exemplifies technological progress as the cause for the increased output?
Distinguishing Sources of Production Growth
Societal Expectation of Technological Progress
The Continuous Nature of Technological Revolution
Industrial Revolution as a Succession of Technological Changes
General-Purpose Technology
The Central Problem of Modern Economic History: From Stagnation to Progress
Interplay of Firms, Competition, and Technological Progress
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Pace of Technological Progress Illustrated by Lighting
Post-Industrial Revolution General-Purpose Technologies