Since it replaces existing products and methods of production,entrepreneurship is a process of
A)harnessing the human potential.
B)creative destruction.
C)creation of opportunity.
D)exploitation of innovation.

Question

Quizplus · Accepted Answer

Entrepreneurship involves introducing new products or methods of production that replace existing ones, leading to creative destruction. This process results in the transformation of the economy and society, creating new opportunities for growth and development.

Since It Replaces Existing Products and Methods of Production,entrepreneurship Is