Technological Development

Technological development in the context of industrial development refers to the process by which new tools, machines, and methods are created and improved to enhance production and efficiency in industries. This includes advancements in automation, software, and materials that help businesses increase output, reduce costs, and improve quality. As technology evolves, it transforms traditional industries, leading to more innovative practices, new products, and often, a more skilled workforce. Ultimately, these changes drive economic growth and change societal living standards by creating new opportunities and improving overall productivity.