According to Joseph Schumpeter, the theory of creative destruction describes a process by which A some new products unleash a gale of destruction that drive other new products out of the market. 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.

According to Joseph Schumpeter, the theory of creative destruction describes a process by which

A some new products unleash a gale of destruction that drive other new products out of the market.
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.

 

 

 

Answer:

option B

As per the theory proposed Joseph Schumpeter, new innovation replaces old offerings.

Asked on February 14, 2018 in economics.
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