Fill in the Blank(s)

question 46

Short Answer

Fill in the Blank(s)
-Joseph Schumpeter, the Austrian economist, coined the term___________ in 1942 to describe the endless cycle of entrepreneurial innovation that makes existing companies obsolete.

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Definitions:

Elementary Concepts

Fundamental ideas or principles that form the basis of a subject or topic.

Ambiguity

The quality of being open to more than one interpretation; an unclear, uncertain, or imprecise condition or character.

String of Words

A sequence of words in a particular order, often forming a sentence, phrase, or part of language study.

Interpretations

The process of explaining or understanding the meaning of something, such as a text, situation, or set of data.