What is high technology industry meaning?

What is high technology industry meaning?

“High tech” is a term that is generally applied to economic and industrial sectors wherein technological innovation is emphasized. High-tech industries play an important role in the modern economy, and often experience significantly higher pay than other industries.

What is meant by technology industry?

The technology industry is comprised of companies that design, manufacture, or distribute electronic devices such as computers, computer-related equipment, computer services and software, scientific instruments, and electronic components and products.

What is high level technology?

noun. any technology requiring the most sophisticated scientific equipment and advanced engineering techniques, as microelectronics, data processing, genetic engineering, or telecommunications (opposed to low technology).

Why is high-tech industry?

High-tech firms are associated with high value-added production and success in foreign markets, which helps to support higher compensation to the workers they employ (NSB 1998). Industrial R&D performed by high-tech industries has other spillover effects.

What do you mean by high-tech industry class 12?

Answer : High tech is the most advanced technology available. High tech industries play an important role in modern economy. These industries are regionally concentrated, self sustained and highly specialised. These industries emphasize on research and development and produce sophisticated products.

What is high-tech industry example?

What is a high tech industry? While there are several definitions, good examples of high technology are telecom and networking, computing and automation, modern pharmaceuticals, commercial jet aircraft, and advanced instrumentation like MRI machines.

What are some examples of high-tech industry?

4 High-Tech Industries (and a Really Low-Tech One) That Are Booming With No End In Sight

  • eDiscovery software. With the amount of litigations increasing, the legal scene is keeping an eye out for eDiscovery software.
  • Virtual reality and artificial intelligence.
  • Food trucks.
  • Autonomous vehicles.
  • Solar energy.

What is high-tech industry class 12?

High-Tech industry: Answer. This is the latest generation of manufacturing industries. It merges the application of intensive research and development into the manufacturing of products of an advanced scientific and engineering character.

What is low technology industry?

From Longman Business Dictionary ˈlow-tech ˌindustry [countable] an industry not using very advanced methods or very advanced equipmentThe mining industry has gone from being a low-tech industry to a high-tech industry, and that means more production with fewer people.

What are high-tech industries examples?

What is high-tech industry in geography?

Hi-Tech industries are those that use research and technology to create products of high value e.g. medicines and electronics.

What are high technology industry explain with two points?

Robotics on the assembly line, computer-aided design (CAD) and manufacturing, electronic controls of smelting and refining processes, and the constant development of new products are notable features of high-tech industry.

What is high-tech industry companies?

High-technology businesses are those engaged in securing growth and revenue from industry sectors characterized by new and rapidly changing technology.

What are high technology industries explain with two points?

Is it high tech or high tech?

High tech and high technology are also used as adjectives. When used as an adjective in front of a noun, the two words should be connected with a hyphen (-), as shown below: high-tech solution. high-technology industries.

What’s another word for high-tech?

What is another word for high-tech?

computerisedUK computerizedUS
digital technological
multimedia advanced
futuristic modern
sophisticated state-of-the-art