Azamjonn
Answered

At Westonci.ca, we connect you with the best answers from a community of experienced and knowledgeable individuals. Discover precise answers to your questions from a wide range of experts on our user-friendly Q&A platform. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.

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

#SPJ1

Visit us again for up-to-date and reliable answers. We're always ready to assist you with your informational needs. Thanks for using our service. We're always here to provide accurate and up-to-date answers to all your queries. We're glad you chose Westonci.ca. Revisit us for updated answers from our knowledgeable team.