List the five major components of a technological system. The five major components of s technological system are its goals, inputs,processes, outputs, and feedback and control.

In economics, the best definition of technology is. the process a firm uses to turn inputs into outputs. Positive technological change is defined as. being able to produce more output using the same inputs and being able to produce the same output using fewer inputs.

Technology, for economists, is anything that helps us produce things faster, better or cheaper. In this sense, processes like assembly line production or creating medical vaccines are considered technologies. Even social or political things like language, money, banking, and democracy are considered technologies.

Terms in this set (4)

• Communication Technology- the study of the way we send messages. (
• Production Technology- the study of the way we make things. (
• Transportation Technology- the study of the way we move from one place to another. (
• Biotechnology- the study of the way we help living things. (

A technological system can also have various subsystems. Take your smartphone, for example. It has a camera, various apps, a touchscreen, a light, a vibration setting, and a speaker. These are all subsystems that are technological systems themselves.

THE TECHNOLOGICAL PROCESS Developing a technological object. TECHNOLOGICAL PROCESS  Is the work method used by technology.  Consists of the ordered sequence of steps that must be followed in order to satisfy a need or solve a problem.

A technological system is a set of interconnected components that has been designed to fulfil a particular function without further human design input. Technological systems transform, store, transport, or control materials, energy, and/or information for a particular purpose.

The Types of Technology

• Mechanical.
• Electronic.
• Industrial and manufacturing.
• Medical.
• Communications.

Among current examples: artificial intelligence, agents, speech and handwriting recognition, virtual reality and 3D visualization, smart cards, real-time collaboration, enhanced user authentication, data mining, and knowledge management.

Advanced technology is defined as a new or developing IT innovation that still has relatively few users, yet promises to provide future, significant value.