"Creative destruction" in a market system is brought about by:
A) Entrepreneurship
B) Striking workers
C) Regulation by the government
D) Money-based trade

Question

Quizplus · Accepted Answer

"Creative destruction" refers to the process by which innovation and new business ideas replace outdated or inefficient ones in a market system. This process is largely driven by entrepreneurs who are willing to take risks, break with tradition, and explore new markets or technologies. Striking workers may be able to exert some temporary pressure on businesses, but they do not generally bring about creative destruction. Government regulation can sometimes have a role in shaping market outcomes, but it is typically not the driving force behind creative destruction. Money-based trade is a necessary feature of any market system, but it is not the root cause of creative destruction.

"Creative Destruction" in a Market System Is Brought About By