Creative Destruction Means That

Creative destruction means that

A) firms develop new products that replace old products in the economy, thereby encouraging economic growth.
B) economic growth can only be sustained if capital depreciates rapidly.
C) knowledge capital can be created through a system of government subsidies for education and research and development.
D) research and development should only be financed if research and development is incremental (a result of making small changes to existing products) .
E) breaking up existing companies using competition law is required for economic growth.

Correct Answer:

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Access For Free