Economist Joseph Schumpeter argues that people are often lulled into an unproductively comfortable state when there is

Question:

Economist Joseph Schumpeter argues that people are often lulled into an unproductively comfortable state when there is continuous employment. His conclusion was that recessions were good because they force people to be creative and entrepreneurial. His term for this was "creative destruction". Do you agree with his premise and/or conclusion?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

Question Posted: