Tuesday, June 06, 2006

Creative destruction, introduced by the economist Joseph Schumpeter, describes the process of industrial transformation that accompanies radical innovation. In Schumpeter's vision of capitalism, innovative entry by
entrepreneurs was the force that sustained long-term economic growth, even
as it destroyed the value of established companies that enjoyed some degree
of monopoly power


THE QUESTION IS DO WE NEED IT OR DO WE REALLY NEED IT

1 comment:

Macabreday said...

you have a tag. visit my blog for instructions