Solved

"[I]n Capitalist Reality as Distinguished from Its Textbook Picture, It

Question 106

Multiple Choice

"[I]n capitalist reality as distinguished from its textbook picture, it is not that kind of competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organization...competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives." This process is called:


A) creative destruction.
B) destructive creationism.
C) command and control.
D) death by a thousand cuts.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions