Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Which of the following are examples of Joseph Schumpeter's premise of creative destruction? O An entrepreneur invents a computer that is portable and around the

Which of the following are examples of Joseph Schumpeter's premise of creative destruction? O An entrepreneur invents a computer that is portable and around the same price point as typewriters, giving the ordinary person access to this alternative, ultimately reducing demand for typewriters. O All of the above O An entrepreneur invents the automobile, which changes the way consumers behave and ultimately puts most businesses connected with horse and buggy transportation out of business. O An entrepreneur develops a phone that allows you to take photos, rendering most traditional camera and film development businesses irrelevant

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Macroeconomics

Authors: N Gregory Mankiw

7th Edition

1285165918, 9781285165912

More Books

Students also viewed these Economics questions

Question

5. How can I help others in the network achieve their goals?

Answered: 1 week ago