What term best describes when quiet periods in markets are punctuated by fundamental "shocks" or "discontinuities" that destroy old sources of advantage and replace them with new ones?
A)Creative destruction
B)Entrepreneurship
C)Innovation
D)Market for ideas
E)Disruptive technologies

Question

Quizplus · Accepted Answer

This term describes the process by which new innovations and technologies replace old ones, leading to the destruction of old sources of advantage and the creation of new ones. It is often punctuated by fundamental shocks or discontinuities in the market, such as the emergence of a new technology or the collapse of an industry. This process is a key driver of economic growth and innovation in modern markets.

What Term Best Describes When Quiet Periods in Markets Are