Creative Destruction Is Least Beneficial to

question 57

Multiple Choice

Creative destruction is least beneficial to

• A) workers in the "destroyed" industries.
• B) workers in the "created" industries.
• C) consumers.
• D) society as a whole.

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Definitions:

Employees

Individuals who are hired by a company or another person to perform work in exchange for compensation under a contract of employment, whether oral or written.

Human Capital

The collective skills, knowledge, and experience possessed by an individual or population, viewed in terms of their value to an organization.

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the purpose of improving job performance.

Experience

The accumulation of knowledge or skill that results from direct participation in events or activities.