Multiple Choice
According to Joseph Schumpeter (1942) , the 'theory of creative destruction' describes a process by which:
A) new products unleash a gale of destruction that creates other new products.
B) new products unleash a gale of destruction that drives old products out of the market.
C) new products are created by the destruction of capital.
D) the creation of new products never involves the destruction of old products.
Correct Answer:
Verified
Correct Answer:
Verified
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