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Creative Destruction
A concept in economics introduced by Joseph Schumpeter, referring to the process where new innovations lead to the demise of older technologies or structures.
Capitalism
An economic system characterized by private ownership of the means of production and the creation of goods or services for profit in a competitive market.
Centralized World
A global system in which political, economic, or cultural power is concentrated in a few central locations or authorities.
Individual Freedom
The liberty of an individual to act, speak, or think without hindrance or restraint, subject to the laws and social norms.
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