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

Question

Quizplus · Accepted Answer

Creative destruction refers to the process of innovation and technological progress that leads to the displacement of established industries and economic systems. The widespread adoption of the Internet and e-mail has disrupted traditional mail services and forced them to adapt or face obsolescence, making it an example of creative destruction.

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