Schumpeter's Concept of __________ Refers to the Process of Economic

question 37

Multiple Choice

Schumpeter's concept of __________ refers to the process of economic transformation that is associated with the ongoing mutation of capitalism.

• A) destructive capitalism
• B) creative destruction
• C) mutative creativity
• D) capitalistic creativity

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Definitions:

Connotation

The implied or associative meaning of a word or phrase, beyond its literal definition.

Talent

An innate or acquired ability to perform a task or activity with high competence and skill.

Ability

The possession of the means or skill to perform a task or action.

Metaphor

A rhetorical device where a word or phrase is attributed to an object or action that doesn't literally apply to it.