High-technology industries are those in which the underlying scientific knowledge that companies in the industry use is advancing rapidly.

Question

Quizplus · Accepted Answer

High-technology industries are characterized by rapid advances in scientific knowledge and technology. Examples include industries such as biotechnology, nanotechnology, robotics, and information technology. This distinguishes them from traditional industries that rely on established technology and processes to produce goods or services.

High-Technology Industries Are Those in Which the Underlying Scientific Knowledge