As a Process, Entrepreneurship Results in the "Creative Destruction" of Existing

question 45

True/False

As a process, entrepreneurship results in the "creative destruction" of existing products (goods or services) or methods of producing them and replaces them with new products and production methods.

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Definitions:

Few Organisms

A term referring to a small number or limited diversity of living entities in a given area or ecosystem.

Mineral Rich

Referring to a substance, soil, or area containing a beneficial concentration of minerals important for biological processes or commercial use.

Open Water

Large bodies of water such as lakes, oceans, and rivers, where there are no obstructions to the passage of water.

Shore

The land along the edge of a sea, lake, or other large body of water.