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According to Schumpeter, ‘creative destruction’ is a key feature of capitalism (free-market economy). This is because:

a.
Innovations make people spend more money.

b.
New technologies are in high demand, so that old technologies disappear from the market.

c.
New technologies make people lose their jobs, so only the rich people benefit.

d.
capitalism basically means the destruction of human creativity.

Sagot :

The creative destruction is a key feature of capitalism because New technologies make people lose their jobs, so only the rich people benefit. Therefore, the correct option is (C).

What is Creative destruction?

Creative destruction refers to the replacement of the old products by the new products.

According to Schumpeter, describes in his book “The Process of Creative Destruction that how economies work and grow and how the capitalist society will destroy the society.

Therefore the correct option is (C).

Learn more about Creative destruction here:

https://brainly.com/question/13493390

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