The idea of creative destruction suggests that economic growth through changes in technology can have winners and
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The idea of creative destruction suggests that economic growth through changes in technology can have winners and losers. In the country in which you are studying, what firms or industries have declined or disappeared as a result of new technologies? How might governments manage the effects of creative destruction on those negatively affected by the process?
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In recent years numerous firms and industries have experienced decline or disappearance due to the advent of new technologies Here are some examples from various sectors 1 Retail Traditional brickandm...View the full answer
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Pushpinder Singh
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