The development of the digital video and camera which replaced film cameras is an example of:
A) Roundabout production
B) Derived demand
C) Creative destruction
D) Specialization

Question

Quizplus · Accepted Answer

The development of the digital video and camera led to the decline and eventual obsolescence of film cameras, which can be seen as an example of creative destruction - the process by which new innovations replace older ones in the market.

The Development of the Digital Video and Camera Which Replaced