technological progress

Definition

A technological change that increases output for any given input.

Use this term in a sentence

You should always try to be making good technological progress so that you know you are keeping up with others.

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The technological progress that they went through was really amazing and I was so impressed with how far they have come in life.

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Prior to the technological progress that took place on the production line, the factory was only producing half the inventory they are producing today.

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technical progress bias