Creative destruction refers to the process where
a. new products and methods of production are continuously replacing old ones
b. producing more of one good causes you to produce less of another
c. everybody involved is made worse off
d. new ways to destroy buildings are employed
A
Economics
You might also like to view...
Which of the following is a solution to the problem of moral hazard in the labor market?
A) Provision of real wages B) Provision of nominal wages C) Provision of efficiency wages D) Provision of minimum wages
Economics
Economic development in DVC often focuses on capital accumulation. Why?
What will be an ideal response?
Economics