High Technology, also known as High Tech, refers to advanced developments and innovations within a specific area of technology. It is predominantly associated with computer-related advancements and the forefront of technological evolution within a given field.
The Industrial Revolution marks a significant period of transformation characterized by the introduction of mass production, improved transportation, technological advancements, and the industrial factory system. In the United States, this era is generally considered to have begun around the time of the Civil War (1861-1865).
Revenue evaporation is a significant drop in income from the sale of a product or service, often due to fundamental changes in the market, such as technological innovations.
