The forces that encourage creative destruction ultimately

Question

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Creative destruction is the process by which new innovative products and practices replace the older ones, leading to the destruction of the existing market structures. This process promotes competition, innovation, and efficiency, leading to an increase in living standards over time. Therefore, the forces that encourage creative destruction ultimately lead to the expansion of the economy and an increase in productivity, which ultimately results in increased living standards.

The Forces That Encourage Creative Destruction Ultimately