Innovation and Technological Adoption

Innovation and technological adoption refer to how new ideas, tools, and methods are developed and used within a society. In the context of human capital, which includes the skills, knowledge, and experience of people, this process enhances productivity and efficiency. When individuals and organizations embrace new technologies or innovative practices, they often become more competitive and better equipped to solve problems. Investing in human capital—through education and training—ensures that people can effectively adopt these innovations, leading to economic growth and improved quality of life.