Technology definition is – the practical utility of knowledge particularly in a selected area : engineering. Technology life cycle describes the business cycle angle of how a technology affects in a products life and the stages of know-how impression in the enterprise process from the Analysis and development stage to the growth, maturity and decline levels of the expertise.

Technucations working definition of Technological literacy is: ”The learnt means to gain and combine technical know-how along with different forms of social and cultural understanding to determine and qualify alternatives for the deployment, use and application of latest and disruptive technologies inside a professional context”.

The practical application of science to commerce or trade...