Examlex
Skip has a big test tomorrow and has studied late into the night.If Skip falls asleep and takes the test first thing in the morning,which of the following would best explain any information he forgets?
Creative Destruction
The replacement of old products and production methods by innovative new ones that consumers judge to be superior. The process generates economic growth and higher living standards.
New Products
Goods or services that have been recently developed or introduced to the market.
Production
The process of creating goods and services through the combination of labor, materials, and technology.
Entrepreneurs
Individuals who organize, manage, and assume the risks of a business or enterprise, often introducing new products or services.
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