Schumpeter's Thesis of "Creative Destruction" Is an Explanation of Economic

question 80

Multiple Choice

Schumpeter's thesis of "creative destruction" is an explanation of economic progress resulting from:

• A) using up scarce natural resources to create new products.
• B) breaking down barriers to trade and development.
• C) new product producers driving incumbent producers out of business.
• D) creating new methods to destroy the environment.

---

Definitions:

Scope

The extent of the area or subject matter that something deals with or to which it is relevant.

Proposal

A formal suggestion or plan, often in writing, put forward for consideration or discussion by others.

Boundaries

Limits that define the scope of something, such as personal space, professional roles, or geographical borders.

Business Proposals

Documents designed to offer services or products to potential clients or to propose a business arrangement.