Joseph Schumpeter Viewed Capitalism as a Process of "Creative Destruction

question 113

Multiple Choice

Joseph Schumpeter viewed capitalism as a process of "creative destruction" because

• A) profitable firms are bought out by larger firms.
• B) capitalism would create wealth, but government would destroy it.
• C) the creation of new products would destroy the market for existing products.
• D) invention is a creative process, but most ideas are destroyed when entrepreneurs develop and market products.

---

Definitions:

Bedpan

A receptacle used for the toilet needs of a bedridden patient in a healthcare setting.

Fecal Elimination

The process of excreting waste from the digestive tract through the anus.

Auscultation

The process of listening to sounds produced within the body.

Palpation

The examination of the body using the sense of touch.