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Watch the video Technological Change - Invention, Innovation, Efficiency and Barriers to Entry and participate in this Discussion Forum. https://youtu.be/InLrm4sHFtQ In your response, answer the
Watch the video "Technological Change - Invention, Innovation, Efficiency and Barriers to Entry" and participate in this Discussion Forum. https://youtu.be/InLrm4sHFtQ In your response, answer the following questions: 1. What is technological change? 2 . When does innovation leads to creative destruction? 3. Discuss why firms in a market economy have incentives to engage in technological change. Explain. Please provide good and complete support to your statements and include a short list of references if you use them in addition to the Text and Video included
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