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As New Products That Are Better Than the Existing Generation

Question 33

Multiple Choice

As new products that are better than the existing generation of products are introduced, sales normally increase because the new products provide consumers increased value or worth. This process, which is called ________, stimulates economic activity, which is a good thing for the economy.


A) creative destruction
B) repetitive destruction
C) iterative replacement
D) inventive replacement
E) iterative destruction

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