ECONOMICS (CBSE/UGC NET)

ECONOMICS

TECHNOLOGY

Please wait while the activity loads.
If this activity does not load, try refreshing your browser. Also, this page requires javascript. Please visit using a browser with javascript enabled.

If loading fails, click here to try again

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

What best refers broadly to all new methods of production, which include major scientific inventions but also small inventions and even better forms of management or company organization?

A	Capital Deepening
B	Human Capital
C	Physical Capital
D	Technology

Explanation:

Detailed explanation-1: -Service innovation refers to a new or significantly improved service concept, product or process in a new or existing market.

Detailed explanation-2: -A patent is an exclusive right granted by a government for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. The details on the way of acquiring patents will be provided for protecting precious intellectual properties.

Detailed explanation-3: -An invention is an entirely new creation. The process of business innovation can produce an invention, but the term is broader in scope and includes the application of an existing concept or practice in a new way, or applying new technology to an existing product or process to improve upon it.

Detailed explanation-4: -Sustaining, or incremental innovation. Breakthrough innovation. Disruptive innovation. Basic research. 07-Nov-2022

There is 1 question to complete.