Technology is dynamic. Technological change, today, is central to
economic growth. It is recognized as a significant driver of efficiency
development and the appearance of new products from which customers
benefit. It depends not only on the work of experts but also on a
broader variety of financial and societal factors, inclusive of
institutions such as academic property rights and commercial domination,
the operation of markets, a range of governmental policies (science and
technology policy, modernization policy, opposition policy, etc.) and
other factors. Given that technology is openly taken up in the
approaches and policies of administration, it is imperative that the
nature and dynamics of technology be understood properly. This book
intends to provide useful information regarding technological change to
its readers.