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New Markets for New Technology (Henry C. Co). 2. Recapitulation. Technology -- A process, technique, or methodology -- embodied in a product design or in manufacturing/service -- which transforms inputs of labor, capital, information, material, and energy into outputs of greater value. Technology Change -- A change in one or more of the inputs, processes, techniques, or methodologies that improves the measured levels of performance of a product or process.Many growth phenomena in nature show 29870
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