Why does economic growth require job destruction?
A)Economic growth requires international trade, which has been proven to cause short-term job loss.
B)Economic growth comes from creating and producing goods that use resources more productively, causing job loss in
Industries that use out-dated technology.(True Answer
)Correct
C)Excessive job creation can destroy economic growth.
D)When economic growth occurs, there are not enough resources left over for worker retraining and re-education
Programs.

Question

Quizplus · Accepted Answer

Economic growth involves the production of goods and services using resources more efficiently, often resulting in the elimination of jobs in industries using outdated technology. This is known as creative destruction. It is necessary for economic growth because it leads to increased productivity and competitiveness, ultimately benefiting the economy as a whole.

Why Does Economic Growth Require Job Destruction