MANAGEMENT

Detailed explanation-1: -Technology upgradation is an initiative that encourages entrepreneurs to adapt to modern technology to enhance their competitiveness in the global market.

Detailed explanation-2: -What are examples of technological changes? Automobiles, smartphones, laptops, and wind turbines are some examples of technological changes.

Detailed explanation-3: -Examples of this include cars, trains, computers, and lights. Machines allow humans to tremendously exceed the limitations of their bodies. Putting a machine on the farm, a tractor, increased food productivity at least tenfold over the technology of the plow and the horse.

Detailed explanation-4: -Replacement Equipment means equipment of similar capacity to existing equipment provided when the primary equipment is out of service.