Which of the following situations is an example of creative destruction?
A) An aspiring fashion designer acting as a part-time model in fashion shows
B) Farm workers moving to technologically advanced industrial sector after undergoing proper training
C) An old residential building demolished for constructing a new shopping mall and multiplex
D) A garment manufacturer reducing production to recover its losses
E) An athlete serving as a brand ambassador for Nike
Correct Answer:
Verified
Q2: Which of the following correctly describes the
Q3: The figure given below represents the equilibrium
Q4: The resources owned by firms that shut
Q5: 'Walkmans' that played audio cassettes were withdrawn
Q6: The market process by which new products
Q7: The idea that in a market system
Q8: The wireless communication business has changed dramatically
Q9: In a market system,who ultimately determines what
Q10: The figure given below represents the equilibrium
Q11: The term consumer sovereignty refers to:
A)the fact
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