According to the Schumpeterian model of creative destruction, which of the following statements is true:
A) There can be no creation without destruction.
B) There can be no destruction without creation.
C) Creation can avoid destruction when resources are efficiently managed.
D) All of the above.
E) None of the above.

Question

Quizplus · Accepted Answer

The Schumpeterian model of creative destruction asserts that new innovations and ideas are necessary for economic growth and progress, but this requires the destruction of existing products, services, and industries. Therefore, option A, "There can be no creation without destruction," is the correct statement according to this theory. Options B, C, D, and E are incorrect.

According to the Schumpeterian Model of Creative Destruction, Which of the Following