A farmer has started using new seed varieties instead of using the old ones to increase the productivity. This is an example of which of the following?

modernisation

The process of embracing new technology in order to enhance productivity is known as modernization. It involves the application of innovative methods, techniques, tools, or equipment to improve production processes and outputs. Modernization enables producers to optimize their operations, streamline workflows, and increase the overall efficiency of their systems. By keeping up with technological advancements and adopting new methods, producers can stay competitive, meet growing demands, and capitalize on the benefits offered by modern technology. By adopting modern technology, producers can increase their output and improve efficiency. For instance, a farmer can enhance agricultural yield by utilizing new seed varieties that offer higher productivity compared to traditional seeds. Similarly, a factory can boost production by incorporating advanced machinery and equipment.