"Creative Destruction" in a Market System Is Brought About By

question 5

Multiple Choice

"Creative destruction" in a market system is brought about by:

• A) Entrepreneurship
• B) Striking workers
• C) Regulation by the government
• D) Money-based trade

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Definitions:

Social Environment

The surrounding social conditions and cultural context in which individuals live and interact.

Individualistic Cultures

Cultures that emphasize personal achievements and individual rights, often promoting self-expression and independence.

Collectivistic Cultures

Societies that prioritize the goals and well-being of the group over individual achievement and identity.

Initiative

The capacity to assess and initiate things independently, often to take charge before others do.