"Creative Destruction," According to Joseph Schumpeter, Is Best Characterized by Which

Multiple Choice

"Creative destruction," according to Joseph Schumpeter, is best characterized by which of the following?

A) The impact of the "managerial revolution" on traditional family-run businesses.
B) The breaking down of old industrial structures and their replacement by more competitive, efficient, and high-technology alternatives.
C) The demise of state socialism and the emergence of capitalism in Russia.
D) The impact of "free trade" on Canada's cultural industries.