Thursday, October 27, 2011

embodied technical progress



embodied technical progress 
Improvements in technical knowledge which can be exploited only byinvestment in new equipment; technical improvements are embodied in the equipment. Embodied technical progress is contrasted withdisembodied technical progress, where new knowledge can be exploited with unchanged equipment. In practice many innovations require partial but not total replacement of equipment for their utilization, so the embodiment of technical progress is a matter of degree.

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