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timofeeve [1]
1 year ago
8

In recent years, new mp3 and digital technologies have replaced compact disks. This is an example of?

Business
1 answer:
Lemur [1.5K]1 year ago
7 0

In recent years, new mp3 and digital technologies have replaced compact disks. This is an example of creative destruction.

Creative destruction is an economic concept most closely identified with the Austrian-born economist Joseph Schumpeter since the 1950s. Schumpeter derived it from Karl's work on Marx and popularized it as the theory of economic innovation economics. Sometimes called a Schumpeter storm.

According to Schumpeter, a 'creative destruction storm' is a process of industrial mutation that is constantly transforming the economic structure from within, constantly destroying the old and always creating the new. ”.In Marxist economic theory, the concept more generally refers to the interconnected processes of wealth accumulation and destruction in capitalism. We owe the first use of these terms to German sociologist Werner Sombart in his book War and Capitalism (1913).

Learn more about Creative destruction here : brainly.com/question/15718116

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the strict policies at other stores that took away the pleasure of shopping inspired Selfridge to ensure that other customers at his store could browse at their leisure

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The supply of aged cheddar cheese is inelastic, and the supply of flour is elastic. Both goods are considered to be normal goods
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Financial instruments Financial instruments are assets that have a monetary value or record a monetary transaction. To coordinat
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1a. Backed by the U.S. government, these financial instruments are short-term debt obligations with a maturity of less than one year. They are considered risk-free investments.

Identification: U.S. Treasury Bills (T-bills)

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Identification: Certificate of deposit

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Identification: Money Market Mutual Fund

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Identification: Lease Agreement

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3. The process in which derivatives are used to reduce risk exposure is called <u>hedging</u>.

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3 years ago
the consumer price index (cpi) and the gdp deflator are designed to measure the degree to which group of answer choices there ha
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The consumer price index (cpi) and the gdp deflator are designed to measure the degree to the cost of purchasing a bundle of goods has changed over time.

A customer is someone or a group who intends to order, or makes use of purchased goods, merchandise, or offerings basically for personal, social, own family, household and comparable desires, who is not at once related to entrepreneurial or enterprise activities.

A purchaser is the only who purchases the product for his/her own need and makes use of or consumes it. A patron can't resell the good, service or product however can eat it to earn his/her livelihood and self-employment. Definition of purchaser. The client is the one who is the stop-person of any items or services.

Learn more about consumer here:brainly.com/question/380037
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2 years ago
What accounted for the tremendous rise in the profits of the american financial industry, from less than 10 percent of total bus
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<span>Financial deregulation was a big part of why profits soared during these years. With businesses feeling as if they had more freedom to use their profits as they saw fit, they were able to increase technology, innovation, and therefore, their overall profit margins, instead of having to use those profits for tax purposes.</span>
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