The answer is False in this situation.
Finding new and better ways to produce commodities is referred to as technological development.
Technology advancements boost the productivity of labour, capital, and other production elements. The conversion of inputs into outputs is referred to as technology.
A technological transition includes the creation of new technologies, their open source release through research and development, their ongoing refinement, and their widespread use throughout an industry or society.
Making new technology is the act of invention. Novation can be used interchangeably with "innovation" or can refer to coming up with a fresh application or usage for an existing technology.
The spread of technology across a community or business is referred to as diffusion.
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