Title :
How Market Demands Influence Advances in Technologies [alookback]
Abstract :
The 20th Century surpassed previous periods of economic and market growth. Market growth is intrinsic to economic expansion. People adapted early technologies to create improved products and better enterprise performance. Growing markets always stimulate demands for more-and better-products at progressively lower costs. Technology advances during this period enabled the costs to decline. Now demands from commercial enterprises and consumers continue to stimulate technology growth and adaptation
Keywords :
commerce; economics; technology management; commercial enterprises; economic growth; market demands; market growth; technologies advances; Aerospace industry; Communications technology; Etching; Instruments; Lighting; Microelectronics; Resists; Silicon; Time sharing computer systems; X-ray imaging;
Journal_Title :
Instrumentation & Measurement Magazine, IEEE
DOI :
10.1109/MIM.2007.339555
