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Based on the complexity of today's technology, the pure practice of technology will require a great understanding, which is the result of many years of experimentation, success, failure, and general experience. Therefore, a great deal of knowledge needs to be stored and passed on to the next generation by experts. Its training and education are conducted in formal and informal education institutions, schools, colleges and universities. Imagine the vast knowledge needed to enter careers such as medicine, engineering and architecture Young Diesel graduated on top of his class in 1873 and going to the Industrial School of Augsburg. Two years later he enrolled in the Royal Bavarian Polytechnic in Munich. He would have graduated in July 1879, but he was sick with typhoid fever. He graduated in January 1880 and moved to Paris. There, he went to work for his former professor Carl von Linde within the construction and design of an refrigeration and ice plant. Price means the rate at which the merchandise can be bought. A number of factors get excited about determining the price of a product. These include competition, market share, product identity, material costs along with the value customers perceive of a product. In fact cost is also dependant on competitor's products. If the competitors have the same product, then the buying price of something will go down.

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