The term "creative destruction" means: Group of answer choices We should not have moved into our modern life style using cars and buses, and tractors to plough the land, because this has destroyed the better quality life we could have had without cars, buses and tractors. Capitalism is inevitably destructive. Human nature is unavoidably both creative and destructive, and most often we combine the two in our every day life. In order to advance to newer, better, products, we have to discard our old products and move away from less efficient ways of production.
The term "creative destruction" means: Group of answer choices We should not have moved into our modern life style using cars and buses, and tractors to plough the land, because this has destroyed the better quality life we could have had without cars, buses and tractors. Capitalism is inevitably destructive. Human nature is unavoidably both creative and destructive, and most often we combine the two in our every day life. In order to advance to newer, better, products, we have to discard our old products and move away from less efficient ways of production.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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The term "creative destruction" means:
Group of answer choices
We should not have moved into our modern life style using cars and buses, and tractors to plough the land, because this has destroyed the better quality life we could have had without cars, buses and tractors.
Capitalism is inevitably destructive.
Human nature is unavoidably both creative and destructive, and most often we combine the two in our every day life.
In order to advance to newer, better, products, we have to discard our old products and move away from less efficient ways of production.
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