Multiple Choice
Economist Joseph Schumpeter coined the phrase "creative destruction" to describe the process by which
A) the government destroys the failing markets that caused an economic crisis.
B) innovation and enterpreneurial initiative have great power to drive economic growth.
C) economists destroy long-held beliefs about how markets function.
D) free markets need government intervention to create economic growth.
Correct Answer:
Verified
Correct Answer:
Verified
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