Creative destruction/Definition: Difference between revisions
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imported>Nick Gardner (Created page with "<noinclude>{{Subpages}}</noinclude> The redundancy of those skills and assets that are displaced by innovation.") |
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The | The process by which technological innovation makes existing assets and skills redundant and releases resources for more productive employment (argued by [[Joseph Schumpeter]] to be an essential feature of economic growth). | ||
Latest revision as of 05:39, 20 October 2012
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Creative destruction [r]: The process by which technological innovation makes existing assets and skills redundant and releases resources for more productive employment (argued by Joseph Schumpeter to be an essential feature of economic growth).