Get the answers you need at Westonci.ca, where our expert community is dedicated to providing you with accurate information. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.
Sagot :
Creative destruction; People have always used taxis to go around town, but now services like uber, lyft, etc. are replacing them, creating a creative destruction as the negative effect of innovative ride-sharing services.
What is creative destruction?
The process of continuous product and process innovation in which new production units replace outmoded ones is known as "creative destruction." Major areas of macroeconomic performance are affected by this restructuring process, including long-term growth, economic volatility, structural change, and the operation of factor markets. Nearly the long term, the creative destruction process is responsible for over 50% of productivity increase. Recessions cost more than upturns do when restructuring declines as it does at business cycle frequency. Inhibitors to the creative destruction process include have negative macroeconomic effects both immediately and in the future.
Learn more about creative destruction here:
https://brainly.com/question/26352018
#SPJ4
Thank you for your visit. We're committed to providing you with the best information available. Return anytime for more. We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.
