Creative destruction is a key concept of Schumpeter's, which sets out to clarify innovation and economic growth. In other words, it means:
A) that creative people destroy economic circulation
B) that the new and improved replaces the old, keeping the economy going non-stop
C) that entrepreneurs are the ones who make it happen
D) that the economy's natural impulse to restore balance is fueled by entrepreneurs
Correct Answer:
Verified
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