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Why Did Schumpeter Call the Technology Cycle One of Creative

question 18

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Why did Schumpeter call the technology cycle one of creative destruction? In your answer explain what is meant by this term and why it is appropriately applied to the technology cycle.


Definitions:

Intervention Programs

These are structured initiatives designed to prevent or address specific problems or needs within a population, through direct action or support.

Interventions

Interventions are strategic actions or processes aimed at altering conditions, behaviors, or situations to improve outcomes, typically used in contexts of health, education, or social policy.

Needs Assessment

A process used to identify the gap between the current condition and the desired condition, often in the context of organizational or community planning.

Evaluating Intervention

The systematic process of assessing the outcomes and effectiveness of interventions to determine their impact and utility.

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