What does the term "creative destruction" refer to?
A) Old, inefficient companies being driven out of the market by new ones
B) Entrepreneurs that lack management skills
C) Organization that focus too much on creativity so as to ignore the bottom line
D) Obsolete products that never make it to market

Question

Quizplus · Accepted Answer

"Creative destruction" refers to the process where new, innovative companies or products displace older, less efficient ones in the market. This can be seen as a positive force for progress and innovation in a capitalist economy.

What Does the Term "Creative Destruction" Refer To