Bac SES Practice Questions - Baccalaureat General - Specialite Sciences Economiques Et Sociales (SES), Epreuve Terminale Exam

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Joseph Schumpeter described the process by which innovation simultaneously creates new activities and destroys obsolete ones. What is this process called?

Comparative advantage Creative destruction (destruction créatrice) The multiplier effect Crowding out

Correct Answer:

Creative destruction (destruction créatrice)

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