Creative destruction provides a useful way to think about the economic changes that have shaped and reshaped the Texas economy.

Question

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Creative destruction refers to the process by which new innovations and technologies replace old ones, leading to economic growth but also the decline or elimination of outdated industries and businesses. This process has played a significant role in shaping the Texas economy over time, as industries such as agriculture, oil and gas, and technology have risen and fallen in importance. Therefore, it provides a useful way to think about these economic changes.

Creative Destruction Provides a Useful Way to Think About the Economic