key term - Automation

Definition

Automation in the context of work and the economy refers to the use of technology, such as computers and robots, to perform tasks that were previously carried out by human workers. It allows for increased efficiency and productivity in various industries by streamlining processes and reducing the need for manual labor.

Related terms

Technological Unemployment: The loss of jobs caused by technological advancements, such as automation, where machines replace human workers.

Efficiency:

The ability to accomplish a job with a minimum expenditure of time and effort; automation increases efficiency in production processes.

Industrial Revolution:

A period of major industrialization from the late 18th century through the 19th century which saw significant technological advancements, including early forms of automation that transformed economies and societies