Question

The "creative destruction" process first described by Austrian economist Joseph Schumpeter in the 1950s suggests that successive waves of new ______ threaten and actually often destroys existing products, business models, firms and at times entire industries.

Innovations

Inventions

Technologies

Products

Discoveries

Answer 1

Answer:

Option C.

Explanation:

Technologies, is the right answer.

Creative destruction is a theory in economics which since the 1950's has graced most promptly recognized with Joseph Schumpeter, an economist from Austria, who derived it from the product of Karl Marx and generalized it as a method of economic innovation and the business cycle. According to him, this theory explains the "method of industrial modification that regularly transforms the economic arrangement from within, perpetually dismantling the old one, steadily producing a new one".