Radical Change in an Industry Brought About by the Introduction

question 43

Multiple Choice

Radical change in an industry brought about by the introduction of a new technology or product is known as

• A) agenda setting.
• B) disruptive transition.
• C) crowdfunded journalism.
• D) alternative press.

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Definitions:

MPS

The marginal propensity to save, indicating the proportion of additional income that a household saves rather than spends on consumer goods.

C

In economic formulas, "C" typically represents consumption spending by households.

Consumers

Individuals or households that purchase goods and services for personal use.

Services

Intangible products such as healthcare, education, and financial advising that are consumed at the point of delivery and do not result in ownership of physical goods.