Quiz Chapter 11 Save for Later Submit Tes 5 of 25 Settings O

Quiz: Chapter 11 Save for Later Submit Tes 5 of 25 Settings One concern with economic growth is that it may occur through a process Joseph Schumpter referred to as creative destruction An issue that may arise with creative destruction enefits of the creation of new goods, services, and industries may not be distributed evenly as some profits or employment in old services and industries ds and services replace old ones which leads to increased trade with other economies that may also benefit from the new developments O C. is that new ideas mean the creation of new goods and services which lead to the creation of new industries O D. is that the incrdtehnoloy and ies create new cods and services tht eplacs ard ones hnology and ideas create new goods and services that replace old ones Click to select your answer

Solution

process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new structure. This process of creative destruction is the essential fact about capitalism.”

by this we can say that the idea of new technology or idea replace old one

the example of creative destruction is netflix

and is the question is D