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Joseph Schumpeter viewed capitalism as a process of "creative destruction" because
Moral Development
The process through which individuals develop proper attitudes and behaviors toward other people in society, based on social and cultural norms, laws, and personal beliefs.
Cognitive Development
involves the mental processes related to acquiring knowledge and comprehension, including thinking, knowing, remembering, and problem-solving.
Social Development
The process by which individuals learn the values, norms, and behaviors required to interact effectively within their society.
Conventional
Reflecting or pertaining to societal norms, standards, or attitudes that are widely accepted and practised.
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