The Technology Life Cycle (TLC) describes the stages that a technology goes through from its inception to its decline. It typically includes five phases: development, introduction, growth, maturity, and decline. Each phase represents different market dynamics, investment levels, and consumer adoption rates. During the development phase, innovations are created and tested. As the technology is introduced to the market, it begins to gain traction and experiences growth. Eventually, it reaches maturity, where sales stabilize. Finally, as newer technologies emerge, the original technology may decline, leading to its eventual obsolescence or replacement by more advanced solutions.