"[I]n Capitalist Reality as Distinguished from Its Textbook Picture, It

question 106

Multiple Choice

"[I]n capitalist reality as distinguished from its textbook picture, it is not that kind of competition which counts but the competition from the new commodity, the new technology, the new source of supply, the new type of organization...competition which commands a decisive cost or quality advantage and which strikes not at the margins of the profits and the outputs of the existing firms but at their foundations and their very lives." This process is called:

• A) creative destruction.
• B) destructive creationism.
• C) command and control.
• D) death by a thousand cuts.

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Definitions:

Care work

Labor performed in the service of others, often involving emotional, physical, and social support, such as childcare, eldercare, and healthcare.

Considered old

implies being regarded as aged or elderly, typically based on societal norms and perceptions about life stages and physical or mental capacities.

Implications

The possible effects, consequences, or outcomes that may result from specific actions, decisions, or events.

Poverty

A socio-economic condition characterized by the lack of financial resources necessary for maintaining a basic standard of living.