"Creative destruction" is a concept in economics that was popularized by the Austrian economist Joseph Schumpeter in the early 20th century.
It refers to the process by which new innovations, technologies, and economic developments can disrupt and replace existing industries, products, or ways of doing business.
This process of creative destruction is often seen as a driving force behind economic progress and growth.
For example : The widespread adoption of smartphones with mobile calling capabilities has disrupted the traditional landline telephone industry.
#creative
#creativedestruction
#creativedesign
#creativedestructiontipsandtricks
#creativeprocess
#austrianeconomics
#inventions
#finacialeducation
#economics
#telephone
#smartphone
Ещё видео!