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The term's meanings altered in the early 20th century when American social researchers, starting with Thorstein Veblen, translated concepts from the German concept of into "technology." In German and other European languages, a distinction exists between technik and technologie that is absent in English, which typically translates both terms as "technology." By the 1930s, "innovation" referred not just to the study of the commercial arts however to the commercial arts themselves.

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Researchers and engineers usually prefer to specify technology as applied science, rather than as the important things that individuals make and utilize. More just recently, scholars have actually borrowed from European theorists of "technique" to extend the significance of technology to various types of important reason, as in Foucault's work on technologies of the self (strategies de soi).

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The deals a definition of the term: "the usage of science in market, engineering, and so on, to create useful things or to solve issues" and "a machine, piece of devices, approach, and so on, that is produced by technology." Ursula Franklin, in her 1989 "Real World of Technology" lecture, gave another meaning of the idea; it is "practice, the way we do things around here." The term is typically used to suggest a specific field of innovation, or to refer to high technology or just consumer electronics, rather than innovation as a whole.

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In this usage, technology refers to tools and devices that may be utilized to resolve real-world issues. It is a far-reaching term that might include easy tools, such as a crowbar or wood spoon, or more complicated makers, such as a spaceport station or particle accelerator. Tools and makers require not be material; virtual innovation, such as computer software and service approaches, fall under this meaning of technology.

Brian Arthur specifies innovation in a likewise broad way as "a way to satisfy a human purpose." The word "technology" can likewise be used to describe a collection of strategies. In this context, it is the current state of humanity's knowledge of how to combine resources to produce wanted products, to fix problems, fulfill requirements, or satisfy wants; it consists of technical methods, abilities, processes, strategies, tools and raw products.