Creative Destruction Is Not Automatic Because

question 31

Multiple Choice

Creative destruction is not automatic because

• A)there are major obstacles to the entry of new innovative firms into concentrated industries.
• B)consumer tastes are highly unstable.
• C)corporate takeovers increase dynamic competition.
• D)large firms rarely are technologically progressive.

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Definitions:

Private Business Organization

An enterprise owned by individuals or groups not affiliated with the government, focusing on profit generation through offering goods or services.

Spanish Warships

Refers to naval vessels belonging to Spain's military, historically significant in various conflicts including the Spanish-American War.

Jamestown

The first permanent English settlement in North America, established in 1607 in Virginia.

Anti-Catholicism

Hostility towards or discrimination against Catholics or the Catholic Church, often based on religious, social, or political grounds.