Joseph Schumpeter Viewed Capitalism as a Process of "Creative Destruction

question 158

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.

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