________ Is(are)the Process by Which New Technology Destroys Existing Jobs,but

question 8

Multiple Choice

________ is(are) the process by which new technology destroys existing jobs,but simultaneously creates jobs by making newer and better products elsewhere in the economy.

• A) Tech cycles
• B) Technological change
• C) Creative destruction
• D) Recursive tech

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Definitions:

Oil Change

A routine maintenance service for vehicles involving the replacement of the engine's oil and oil filter to ensure proper engine function.

Off-price Retailers

Stores that sell brand name and designer merchandise at lower prices than traditional retail outlets by taking advantage of overstock, last season's products, or bulk buying.

Inventory

The complete list of items such as property, goods in stock, or the contents of a building.

Irregulars

Products that have minor faults or variations from standard specifications, often sold at reduced prices due to these imperfections.