Schumpeter's thesis of "creative destruction" is an explanation of economic progress resulting from: A
A)using up scarce natural resources to create new products.
B)breaking down barriers to trade and development.
C)new product producers driving incumbent producers out of business.
D)creating new methods to destroy the environment.

Question

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Schumpeter's thesis of "creative destruction" explains economic progress resulting from new product producers driving incumbent producers out of business.

Schumpeter's Thesis of "Creative Destruction" Is an Explanation of Economic