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Techno-economic assessment. Techno-economic assessment or techno-economic analysis (abbreviated TEA) is a method of analyzing the economic performance of an industrial process, product, or service. It typically uses software modeling to estimate capital cost, operating cost, and revenue based on technical and financial input parameters. [ 1]
Technical standard. A technical standard is an established norm or requirement for a repeatable technical task which is applied to a common and repeated use of rules, conditions, guidelines or characteristics for products or related processes and production methods, and related management systems practices.
t. e. Standardization ( American English) or standardisation ( British English) is the process of implementing and developing technical standards based on the consensus of different parties that include firms, users, interest groups, standards organizations and governments. [ 1] Standardization can help maximize compatibility, interoperability ...
t. e. The division of labour is the separation of the tasks in any economic system or organisation so that participants may specialise ( specialisation ). Individuals, organisations, and nations are endowed with or acquire specialised capabilities, and either form combinations or trade to take advantage of the capabilities of others in addition ...
v. t. e. In theories of competition in economics, a barrier to entry, or an economic barrier to entry, is a fixed cost that must be incurred by a new entrant, regardless of production or sales activities, into a market that incumbents do not have or have not had to incur. [ 1] Because barriers to entry protect incumbent firms and restrict ...
Specification (technical standard) A specification often refers to a set of documented requirements to be satisfied by a material, design, product, or service. [ 1] A specification is often a type of technical standard . There are different types of technical or engineering specifications (specs), and the term is used differently in different ...
Technical change. A technical change is a term used in economics to describe a change in the amount of output produced from the same amount of inputs. A technical change is not necessarily technological as it might be organizational, or due to a change in a constraint such as regulation, input prices, or quantities of inputs.
An example of this is safety standards and labeling requirements. The need to protect sensitive to import industries, as well as a wide range of trade restrictions, available to the governments of industrialized countries, forcing them to resort to use the NTB, and putting serious obstacles to international trade and world economic growth.