从经济意义上讲，技术是指将输入转化为输出的过程。 据说，随着生产效率的提高，技术也会增加。 例如，当企业可以用相同数量的投入产生比以前更多的产出时，或者技术的增加可以认为是通过较少的投入获得与以前相同的产出。 另一方面，当企业生产的产出比以前使用相同数量的投入要少的时候，或者当企业生产相同数量的产出需要比以前更多的投入时，技术就会下降。 对技术的定义涵盖了人们在听到该术语时通常会想到的内容，但也包括影响生产过程的其他因素，这些因素通常不被认为属于技术范畴。
In an economic sense, technology refers to the process of transforming inputs into outputs. It is said that as production efficiency increases, so does technology. For example, when a company can produce more output than before with the same number of inputs, or an increase in technology can be thought of as obtaining the same output as before with fewer inputs. On the other hand, technology declines when firms produce less output than they used the same amount of input before, or when they need more inputs than before to produce the same amount of output. The definition of technology covers what people usually think of when they hear the term, but it also includes other factors that affect the production process, which are generally not considered technical.