Any form of technological improvements or advancements also include a new and improved methods that reduce production costs.
It can be called a technological development & change. These refers to the overall process of invention, innovation and diffusion of technology or processes.
The progress in technology allows for the more efficient production of more and better goods and services which is what prosperity depends on. Also, new progress in technology focus on creating machines that improves efficient and effectiveness of work process.
Therefore, all form of technological improvements or advancements also include a new and improved methods that reduce production costs.
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