Which is an example of creative destruction

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Reference no: EM133650255

Problem: The discovery of a product or process is called . Shen, the president of a company that makes electronic devices, borrows a large sum of money from the local bank to purchase the machinery needed to produce a line of HDTVs. HDTV technology is expected to eventually make regular TVs obsolete. As depicted in the above scenario, which is an example of creative destruction?

Reference no: EM133650255

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