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Through entrepreneurial discovery and innovation, new products and methods of production are continuously replacing old ones. Harvard economist, Joseph Schumpeter called this creative destruction. Automobile

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Through entrepreneurial discovery and innovation, new products and methods of production are continuously replacing old ones. Harvard economist, Joseph Schumpeter called this creative destruction. Automobile caused demise of horse and carriage industry, compact discs caused demise of vinyl records. It destroys some businesses and industries but creates new and better ones in time. What possible effect can creative destruction have on PPC

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