According to the textbook, Joseph Schumpeter's "creative destruction" results in

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Schumpeter's theory of creative destruction posits that advancements in technology and innovation inevitably lead to the destruction of existing businesses and industries. This can result in structural unemployment as workers who were employed in the now outdated industries may not have the skills or training necessary to transition to new fields.

According to the Textbook, Joseph Schumpeter's "Creative Destruction" Results in