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Which of the following would fit Joseph Schumpeter's idea of creative destruction? Benny's going out of business due to market pressure from lower cost online

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Which of the following would fit Joseph Schumpeter's idea of creative destruction? Benny's going out of business due to market pressure from lower cost online retallers. A small business dosing down when it's owner dies. An artist destroying a building in a piece of performance art. The destruction of a town and all its firms from a natural disaster. Question 14 (1 point) What are the three main components of a capitalist economic system? private property, markets, and firms markets, government, and money firms, money, and asset bubbles private property, government, and externalities Question 15 (1 point) A is a way of connecting people who may mutually benefit by exchanging goods or services through a process of buying and selling. economic system dating app market firm Question 16 (1 point) In economics. a simplified representation (diagrammatical or physical) that helps us to understand what is going on by focusing attention on what is important is called a: equilitorium: rent. eraph

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