Creative destruction explains how changes in technology have shaped and reshaped the Texas economy.

Question

Quizplus · Accepted Answer

Creative destruction is the process of innovation in which new technologies replace old ones and lead to economic transformation. Texas has been shaped and reshaped by this process as it has undergone several economic transformations, from a cattle and oil-based economy to a diversified economy that is home to various industries, such as technology, healthcare, and finance.

Creative Destruction Explains How Changes in Technology Have Shaped and Reshaped