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Technical progress (economics) : ウィキペディア英語版
Technical progress (economics)

Technical progress (or technological progress) is an economic measure of innovation.
==Classification==
Technical progress can be classified into two parts:
*Embodied Technical Progress: improved technology which is exploited by investing in new equipment. New technical changes made are embodied in the equipment.
*Disembodied Technical Progress: improved technology which allows increase in the output produced from given inputs without investing in new equipment.
In the real world, many innovations do not require replacing the entire or some part of the equipment.It can be improved for better use depending upon the change required. Hence technological progress, embodied or disembodied, is matter of degree.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
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