TECHNOLOGY Ms.

Michelle Mejia
DEFINITIONS
Industry:industry, group of productive enterprises
or organizations that produce or supply goods,
services, or sources of income. In economics,
industries are generally classified as primary,
secondary, tertiary, and quaternary; secondary
industries are further classified as heavy and light
Technology: is the application of conceptual
knowledge for achieving practical goals,
especially in a reproducible way. The word
technology can also mean the products
resulting from such efforts, including both
tangible tools such as utensils or machines,
and intangible ones such as software.
Evolution means any improvement, upgrade, addition,
modification, replacement, or enhancement to the standards,
policies, practices, processes, procedures, methods, controls,
scripts, product information, technologies, architectures,
standards, Applications, Equipment, Software, Systems, tools,
products, transport systems, interfaces and personnel skills
associated with the performance of information technology
services and related functions in line with the established best
practices of first-tier providers of such services, as determined by
Kraft.
Enterprise is a term that has several definitions. Sometimes, the
word “enterprise” is used to refer to any business, project, or
initiative.
Most often, however, a business described as an enterprise will
have specific characteristics. Enterprises are typically large,
complex organizations with various divisions and departments
managed by a board of directors or an executive team.
Investment: investment is an asset or item
acquired with the goal of generating
income or appreciation. Appreciation
refers to an increase in the value of an
asset over time.
 Labour force: or currently active population, comprises all
persons who fulfil the requirements for inclusion among the
employed (civilian employment plus the armed forces) or the
unemployed.