Creative destruction benefits society.

Question

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Creative destruction, which refers to the process by which old industries and technologies are replaced by new ones, leads to economic growth and innovation. This benefits society by creating new job opportunities, improving productivity, and increasing overall prosperity. While it can also cause temporary disruptions and dislocation, the long-term benefits outweigh the short-term costs. Therefore, creative destruction is generally seen as a positive force for society.

Creative Destruction Benefits Society