Technology is the application of science to the practical goals of human life. This includes research, design, manufacturing, labor, finance, management, and more. Its purpose is to improve life.
Technology is a social enterprise. New technologies may create new forces of change in unexpected places. However, it also brings risks to the environment, humans, and other species.
When a person, group, or business proposes a new technology, it is important to understand the benefits and risks associated with it. For example, how will the technology work, how will it affect the economy, and how will it impact the environment?
Some of the more common types of technology include transportation, construction, and communications. These technologies are used by businesses to deliver goods and services on time and within budget.
The technology industry is one of the largest sources of jobs and revenue in the United States. Businesses use technology to develop new products, compete with established companies, and scale their operations.
As a result, technology is a major source of public policy debate. Technologists often point to governments as the answer to social problems. While the government can address issues, it is often ill-equipped to do so.
Governments have few incentives to engage in social issues. But they can indirectly influence the policy outcome through the traditional drivers of public policy.
One such driver is the free market. A healthy economy is more likely to promote technological growth and development.
A second driver is the social forces that shape technological innovation. People’s attitudes, responses, and beliefs strongly influence technological choices and innovation.