Task 1.2

Q.1.2 What is techno-economic paradigm?

The paradigm shift was identified by “American physicist Thomas Kuhn as the fundamental change in the basic concepts and experimental practices of a scientific discipline “(Wikimedia Foundation, Inc., 2015)

The techno-economic paradigm is the emergence of new technology and the larger economic and social behaviour patterns. Meaning that with every new upgrade in technology results in the discontinuing of the old one. An example could be something as simple as when there used to be cassette radios where one had to purchase a cassette and play one side and the flip it over to play the other side, today we have smartphones and Bluetooth devices where we just need to connect via Bluetooth to listen and stream any song we want. And these devices improve ones’ social needs and wants. With the growth in needs, demand in newer, greater technology is needed to continue the growth of the economic and social standards.


references:
what is techno-economic paradigm: https://en.wikipedia.org/wiki/Paradigm_shift
https://theagileexecutive.com/tag/techno-economic-paradigm/