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The term refers to the set of methods, processes, operations made or applied on raw materials, materials and data for the manufacture of a particular industrial or commercial product.

Engineering applies the imagination, judgment and intellectual discipline to existing human knowledge to create or use technology in a useful and efficient way.

The big importance of it for economic development is widely recognized, given the impact that it can have on the success, survival or failure of economic activity of companies, especially in an environment of intensive global competition.