Economist Joseph Schumpeter called the process of new and better jobs replacing some existing jobs as

Question

Quizplus · Accepted Answer

Schumpeter's concept of creative destruction refers to the process by which new innovations and technologies replace established businesses and jobs, resulting in the destruction of the old and the creation of the new. While this process can be disruptive and unsettling, Schumpeter argued that it is ultimately necessary for economic growth and progress.

Economist Joseph Schumpeter Called the Process of New and Better