The Theory of Creative Destruction Was Advanced Many Years Ago

question 75

Multiple Choice

The theory of creative destruction was advanced many years ago by

• A)Bill Gates.
• B)Alfred Marshall.
• C)Joseph Schumpeter.
• D)Adam Smith.

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Definitions:

Featherbedding

A labor practice where unions require employers to hire more workers than necessary for a particular task, often to protect jobs.

Single Unionism

A labor relations approach where only one union represents all workers within a workplace or industry, which aims to streamline negotiation processes and reduce inter-union competition.

Single Occupation

A specific job or profession characterized by a unique set of skills or qualifications, often within a wider industry or sector.

Representation Model

A framework in labor relations where employees choose individuals or groups, such as unions, to negotiate and communicate with employers on their behalf.