So-called creative destruction leads to all of the following except
A) new products and low-cost production techniques.
B) more efficient use of society's scarce resources.
C) benefits to everyone in society.
D) hardship to some producers and workers.

Question

Quizplus · Accepted Answer

Creative destruction, while leading to new products and low-cost production techniques, also leads to hardship for some producers and workers who may lose their jobs or industries may become obsolete. While it can lead to more efficient use of society's scarce resources, it does not necessarily guarantee benefits to everyone in society.

So-Called Creative Destruction Leads to All of the Following Except