Creative destruction is least beneficial to:
A) workers in the "destroyed" industries.
B) workers in the "created" industries.
C) consumers.
D) society as a whole.

Question

Quizplus · Accepted Answer

Creative destruction is a process where new technologies and innovations replace old ones, leading to the decline or destruction of industries and jobs associated with outdated technologies. Workers in the "destroyed" industries are the least beneficial because they can lose their jobs and struggle to find new opportunities. However, consumers and society as a whole benefit from more efficient and cost-effective technologies and products. Workers in the "created" industries also benefit from new job opportunities and potential for growth.

Creative Destruction Is Least Beneficial To