Technical progress

Technical progress refers to advancements in tools, processes, and methods that improve how tasks are performed or products are made. It involves innovations that increase efficiency, quality, or capabilities, such as developing faster computers, more efficient energy sources, or new medical devices. These improvements often lead to better living standards, economic growth, and solutions to complex problems. Technical progress can occur gradually through incremental improvements or suddenly via groundbreaking inventions, and it plays a vital role in shaping industries, societies, and everyday life.