The process by which new technologies come on in waves and eliminate old ones is called

Question

Quizplus · Accepted Answer

The term "creative destruction" refers to the process by which new technologies and ideas replace old ones, through a process of innovation and competition. This term was coined by economist Joseph Schumpeter, and describes the process by which older, less efficient technologies are replaced by newer, more efficient ones. This process is often seen as an important driver of economic growth and innovation.

The Process by Which New Technologies Come on in Waves