Technology – Definition, What It Is and Concept | Economy

Technology is the set of knowledge and techniques that are applied in an orderly manner to achieve a certain objective or solve a problem.

Technology is a response to man’s desire to transform the environment and improve his quality of life. It includes knowledge and techniques developed over time that are used in an organized manner in order to meet some need.

technology The word technology comes from the union of two Greek words: “tekne”, which is technique, art and, “logia”, which means dexterity about something.What is technology for?

Technology is one of the four factors of production along with capital, land, and labor. The man uses the to satisfy his needs which can involve, transform his environment, solve problems, increase efficiency, improve aesthetics, etc. Do you want a great professional future?

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Well-used technology can improve people’s quality of life (such as the development of cleaner production methods). However, misused, it can cause great harm to individuals and society (for example, the use of technology for attacks and crimes).Types of technology

The technology can be classified according to various criteria. For example, according to its tangibility it is divided into:Soft: It brings us intangible goods such as new economic theories or new forms of resource management.Hard: Refers to the one that helps us produce tangible goods such as modern cars, anti-earthquake buildings, etc.

Also, according to the diversity of sectors in which it can be used, it is classified as:Flexible: Refers to the one that is applied in various activities and areas of study. Thus, for example, nanotechnology applies to both the health and telecommunications fields.Fixed: It is one referring to a specific field. For example, a machine for surgical operations.Advantages and disadvantages of technology

Below we explain both the benefits and consequences of technology in society:Advantages:Increased productivity. The advancement of technology has made it possible to create tools that have increased productivity in recent years. It has been achieved thanks to the automation of infinite processes.Improved communications. The transport of people and the methods of communication between individuals have improved a lot thanks to technology, providing greater ease in communications. Cost reduction. The creation of more efficient systems or automation have allowed the cheapening of production processes.Access to information. Today, we have access to virtually unlimited information thanks to technology.Emergence of new business models. Undoubtedly, technology has meant a revolution in the business world. The advancement of this has given rise to a large number of alternatives in the entrepreneurial world.Advances in science. The creation of new machines, aimed at researchers, has brought with it great advances and discoveries in areas as important as medicine. Disadvantages:Isolation from people. The emergence of social networks or streaming content platforms has led to a greater degree of loneliness in a large part of citizens.Loss of privacy. The use of technological devices collects user information and distributes it among a multitude of companies.Psychological problems. The constant exposure and visualization of “prototypes of people” has psychologically destabilized a part of society. Generating depressions or other negative disorders.Sedentariness. Society has very high rates of sedentary lifestyle due to the appearance of products such as electric scooters.Environment. Technology makes it possible to carry out a higher production than the environment can support. This situation brings with it the increase in, for example, natural disasters.Difference between technology and science

Technology and science are not exactly the same, although they are related concepts. Science aims to obtain knowledge, while technology is knowledge applied in a rational and orderly manner to solve a problem. In addition, science seeks truth while technology, efficiency.

Both science and technology are often mutually supportive. The former uses the latter for research, while the latter uses the former to solve a problem.Examples

We bring you a selection of examples related to technology:Artificial intelligence.Internet system.Robotics.Means of transport.