What does the term creative destruction mean?
Question:
What does the term “creative destruction” mean?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Creative destruction is a concept in economics and business that was popularized by the Austrian eco...View the full answer
Answered By
Wahome Michael
I am a CPA finalist and a graduate in Bachelor of commerce. I am a full time writer with 4 years experience in academic writing (essays, Thesis, dissertation and research). I am also a full time writer which assures you of my quality, deep knowledge of your task requirement and timeliness. Assign me your task and you shall have the best.
Thanks in advance
4.90+
63+ Reviews
132+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Monetary and fiscal policy are government attempts to smooth the business cycle, especially the use of expansionary policies to return to GDP growth from a recession. The goals are relatively...
-
Economist Joseph Schumpeter, who taught at Harvard from 1932 until his death in 1950, popularized the term creative destruction to describe the capitalist process in which entrepreneurs introduce new...
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
The average distance between Earth and the Sun is 1.5 10 m. 1) Calculate the average speed of Earth in its orbit (assumed to be circular) in meters per second. 2) What is this speed in miles per hour?
-
In what circumstances might a court disregard the corporate entity (pierce the corporate veil) and hold the shareholders personally liable?
-
A clever inventor has created a device that can launch water balloons with an initial speed of 85.0 m/s. Her goal is to pass a balloon through a small hoop mounted on the observation platform at the...
-
As shown in Fig. P5.22, at the entrance to a 3 -ft-wide channel the velocity distribution is uniform with a velocity \(V\). Further downstream the velocity profile is given by \(u=4 y-2 y^{2}\),...
-
NorthAm Trucking is a long-haul trucking company serving customers all across the continental United States and parts of Canada and Mexico. At present, all billing activities from preparation to...
-
Discuss the role of human factors in hazard analysis. How do techniques like Human Reliability Analysis (HRA) contribute to understanding and mitigating risks associated with human errors in...
-
Return to the Work It Out: Startup Ideas Feature Box and revisit the links to business ideas, using the same idea that you identified in question 1. What are five other businesses that could be...
-
Go back to the Work It Out: Startup Ideas Feature Box. Select either an idea that youve created or an idea listed on either of the websites. Where could you go to gain more information about this...
-
The spread between the yield on a fiveyear bond issued by a company and the yield on a similar riskfree bond is 80 basis points. Assuming a recovery rate of 40%, estimate the implied average hazard...
-
If you earned a 2.1% return on your savings with a 20% tax rate, what is your after-tax rate of return?
-
Bob (age 43) and Melissa (age 43) Grant are married and live in Lexington, Kentucky. The Grants have two children: Jared, age 15, and Alese, age 12. The Grants would like to file a joint tax return...
-
Relative Purchasing Power Parity shows the relationship between exchange rates and inflation. The formula is E(St) = S0[1+(hFC-hCDN)]t where h refers to expected inflation in both the foreign country...
-
Describe the conflict management strategies introduced in Exhibit 14.4.? Explain how assertiveness and cooperation contribute to the strategies.? Based on the conflict management strategies, describe...
-
Revenue 850,000 Maintenance and Repair for medical building 40,800 Indirect Labour 32,300 Direct Materials purchase-artificial limbs 166,600 Medical centre utilities 28,900 Office building general...
-
The simulation output from Example 16.6 indicates that an investment heavy in stocks produces the best results. Would it be better to invest entirely in stocks? Answer this by rerunning the...
-
What are the risks and liability factors in an audit? What are the implications to the auditor? What are the implications to the organization? How can the auditor mitigate these risks and liability...
-
Why do we say a substance in a liquid phase is more disordered than the same substance in a solid phase?
-
What is the difference between productive efficiency and allocative efficiency?
-
What is absolute advantage? What is comparative advantage? Is it possible for a country to have a comparative advantage in producing a good without also having an absolute advantage? Briefly explain.
-
A ball is dropped from a high building. Using the approximate value of g = 1 0 m / s 2 , determine its change in speed from 1 s to 1 1 s in flight.
-
How do taxonomists use evolutionary principles to classify organisms, and what role does the concept of monophyly play in defining taxonomic groups? Contrast this with paraphyletic and polyphyletic...
-
Describe the various concepts used to define a species (e.g., biological, morphological, phylogenetic). How do these concepts influence taxonomic classification, and what are the implications for...
Study smarter with the SolutionInn App