Schumpeter's Thesis of "Creative Destruction" Is an Explanation of Economic

question 80

Multiple Choice

Schumpeter's thesis of "creative destruction" is an explanation of economic progress resulting from:

• A) using up scarce natural resources to create new products.
• B) breaking down barriers to trade and development.
• C) new product producers driving incumbent producers out of business.
• D) creating new methods to destroy the environment.

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