The development of the Internet and e-mail to often replace regular mail services is an example of:
A) roundabout production.
B) derived demand.
C) creative destruction.
D) specialization.

Question

Quizplus · Accepted Answer

The term "creative destruction" refers to the process by which innovation leads to the demise of older industries or technologies. In this case, the development of the Internet and e-mail has replaced traditional mail services, illustrating the concept of creative destruction.

The Development of the Internet and E-Mail to Often Replace