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Which of the following economic phenomenon illustrates the concept of creative destruction the best? 1. Beer from Germany is now preferred other wine from France,
Which of the following economic phenomenon illustrates the concept of "creative destruction" the best? 1. Beer from Germany is now preferred other wine from France, so wine workers in France is losing their job 2. Workers lost their job due to a large recession 3. A new trade deal that wipes out a quarter of the US shoe-making industry 4. Uber and KakaoTaxi is making taxi driver complaining about this 'unfair practice' that leads them to lose jobs 5. Students now flock to Japan to study fashion, rendering Hong Kong designing professor jobless
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