The term "creative destruction" means: Group of answer choices We should not have moved into our modern life style using cars and buses, and tractors to plough the land, because this has destroyed the better quality life we could have had without cars, buses and tractors. Capitalism is inevitably destructive. Human nature is unavoidably both creative and destructive, and most often we combine the two in our every day life. In order to advance to newer, better, products, we have to discard our old products and move away from less efficient ways of production.
The term "creative destruction" means: Group of answer choices We should not have moved into our modern life style using cars and buses, and tractors to plough the land, because this has destroyed the better quality life we could have had without cars, buses and tractors. Capitalism is inevitably destructive. Human nature is unavoidably both creative and destructive, and most often we combine the two in our every day life. In order to advance to newer, better, products, we have to discard our old products and move away from less efficient ways of production.
Chapter22: Economies In Transition
Section: Chapter Questions
Problem 18SQ
Related questions
Question
The term "creative destruction" means:
Group of answer choices
We should not have moved into our modern life style using cars and buses, and tractors to plough the land, because this has destroyed the better quality life we could have had without cars, buses and tractors.
Capitalism is inevitably destructive.
Human nature is unavoidably both creative and destructive, and most often we combine the two in our every day life.
In order to advance to newer, better, products, we have to discard our old products and move away from less efficient ways of production.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Recommended textbooks for you
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning
Microeconomics: Private and Public Choice (MindTa…
Economics
ISBN:
9781305506893
Author:
James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:
Cengage Learning