Technology and Inovation Capacity
One of the most important elements that have an impact on Total Factor Productivity, as much as the phenomena of education and information society is; “Technology and Innovation Capacity”. Technology capacity means producing, transferring or being able to use a technology effectively.
Innovation implies the increase in the productivity of a product or a process; the transformation of an idea into a marketable product or service, a new or a developed manufacturing or distribution method or a method of new social service. Technology and innovation capacity, naturally intertwined with the phenomena of both entrepreneurship and education and information society; is one of the most important elements determining the level of Total Factor Productivity.
