Tag Archives: Joseph Schumpeter

What positive and negative effects might “ creative destruction” have on customers, employees, products, companies, and society?

Economist Joseph Schumpeter said that “creative destruction” is essential for the positive advancement of every modern economy. Research and define “creative destruction” and explain what it means relative to the development and dissemination of new technologies. What positive and negative effects might “ creative destruction” have on customers, employees, products, companies, and society?