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Summarise the concept of creative destruction in own words

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Reference no: EM133131071

1. Summarise the concept of 'Creative Destruction' in own words.

2. What is the connection between Schumpeterian "creative destruction' and business cycle?

3. We have studied Keynesian business cycle and Schumpeterian business cycle. Which do you find more convincing? Explain.

Reference no: EM133131071

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