Joseph Schumpeter coined the phrase creative destruction. The idea of creative destruction is that a. People need
Question:
Joseph Schumpeter coined the phrase “creative destruction.” The idea of creative destruction is that
a. People need to be forced from their comfort zone in order to make crucial decisions that enhance their economic prospects.
b. Unemployment affects society more negatively than thought because it breeds social discontent.
c. Unemployment is good because it keeps prices down.
d. Competition for resources is inherently destructive.
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a People need to be forced from their comfort zone in order to make crucial decision...View the full answer
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