Creative destruction is the continuous scrapping of new technologies in favor of old ones.

Name: Creative destruction is the continuous scrapping of new technologies in favor of old ones.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Creative destruction is the process by which new technologies, innovations, and business models displace older ones. It involves the continual cycle of innovation, adoption, and obsolescence. Therefore, it involves scrapping old technologies in favor of new ones.

Creative Destruction Is the Continuous Scrapping of New Technologies in Favor