Advancement of science and technology is the pillar of economy and growth


Technology is the subject of learning by doing which plays a vital role in the evolution of countries to acquire greater specialisation in production. In these both cases, learning by doing and increasing returns in production provide an efficient economic engine for long run growth and sustainability. Cognitive knowledge develops from the existing knowledge of science and technology. Worked out technology is a good example of knowledge source and these technological studies can help students in acquiring cognitive development for planning, design and testing.

Functional designs and machines are applying a particular technology by taking an input, changing it according to the system’s processing and then producing predefined outcomes. The structural knowledge of these designs and machines is referred to as technological system. Science is the systematic knowledge of physical or material world gained through observation and experimentation.

The development of technology may draw upon many fields of knowledge, including…

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