A conceptual Study on various factors relating to technological change in Small Scale Industries

Abstract

A specific level of technological advancement is the necessary pre-condition for rapid growth. It is observed that the absence of proper technological change retards the economic growth. The innovation is the most intense methods for wresting power from nature in all conceivable ways. It reinforces the offices of man. Prof. Frankel expect that the, "Innovative change is not a negligible change in the specialized know-how. It implies a great deal more than this. It ought to be gone before by sociological change likewise, an eagerness and yearning with respect to group to adjust their social, political and authoritative establishments in order to make them fit with new procedures of generation and speedier rhythm of monetary movement." Technology, as per J. P. Dewhurst, indeed, can be thought of as the adjustment in the creation procedure of material and human aptitudes. Mechanical change was shown with the 'Direct Model of Innovation', which has now been to a great extent disposed of to be supplanted with a model of mechanical change that includes advancement at all phases of research, improvement, dispersion and utilize. At the point when talked about "displaying mechanical change" frequently the procedure of advancement is implied. This procedure of nonstop change is regularly demonstrated as a bend portraying diminishing expenses after some time. (for example energy unit which have turned out to be less expensive consistently).