when joseph schumpeter coined the term, \creative destruction\ he: a) only emphasized its positive character…

when joseph schumpeter coined the term, \creative destruction\ he: a) only emphasized its positive character in building new industries. he failed to understand how the negative aspects might affect workers in declining industries. b) was referring to the process by which capitalist firms physically destroy each others factories in order to create larger markets for themselves. c) was referring to how rioters make a city more creative by destroying businesses and stores. d) was referring to the fact that the invention of new products like the personal computer destroy old industries producing products like typewriters as consumers move their purchases over to the new industry.

when joseph schumpeter coined the term, \creative destruction\ he: a) only emphasized its positive character in building new industries. he failed to understand how the negative aspects might affect workers in declining industries. b) was referring to the process by which capitalist firms physically destroy each others factories in order to create larger markets for themselves. c) was referring to how rioters make a city more creative by destroying businesses and stores. d) was referring to the fact that the invention of new products like the personal computer destroy old industries producing products like typewriters as consumers move their purchases over to the new industry.

Answer

Brief Explanations:

Joseph Schumpeter's "creative - destruction" refers to the process where new innovations and products disrupt and replace old industries. For example, the personal computer replaced typewriters as consumers shifted their preferences to new technology, which is what option D describes. Option A is wrong as Schumpeter was aware of both positive and negative aspects. Option B misinterprets the concept as it is not about physical destruction of factories. Option C is an incorrect and non - related interpretation of the term.

Answer:

D. was referring to the fact that the invention of new products like the personal computer destroy old industries producing products like typewriters as consumers move their purchases over to the new industry.