Which is not an example of creative destruction?
A) A large manufacturing plant closes, and unemployed workers leave town.
B) Americans retire in Mexico because the cost of living is cheaper.
C) Call centers are moved from the United States to India and the Philippines.
D) Medical records go online, eliminating the need for paper files and people to track and organize them.
E) All of these are examples of creative destruction.

Question

Quizplus · Accepted Answer

Creative destruction refers to the process where new innovations lead to the demise of older industries or practices. Retiring in Mexico for a cheaper cost of living is not an example of this process, as it does not involve innovation replacing an older industry.

Which Is Not an Example of Creative Destruction