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Llana [10]
3 years ago
14

What is the economic process of withdrawing investments from low profit sectors and investing in new activities?

Business
1 answer:
frozen [14]3 years ago
8 0

Answer:

Creative destruction.

Explanation:

In 1942, the term creative destruction was first to be used by the notable Austrian economist known as Schumpeter Joseph.

Creative destruction is the economic process of withdrawing investments from low profit sectors and investing in new activities.

This ultimately implies that, creative destruction is a concerted effort towards the deliberate destruction or dismantling of long standing products, processes, practices, procedures or services in order to give room for innovative ideas and an improved technique for the production (manufacturing) of goods and services. Thus, the old technology or methods of production are dismantled so as to pave way for new technologies, procedures, goods and services.

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QUESTION 9 of 10: When naming a business, you should:
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Koehn Corporation accounts for its investment in the ordinary shares of Sells Company under the equity method. Koehn Corporation
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Answer:

A) a reduction of the carrying value of the investment

Explanation:

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3 years ago
Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p
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Answer:

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4 0
2 years ago
The State of Chiapas, Mexico, decided to fund a program for literacy. The first cost of $250,000 now and an updated budget of $9
timama [110]

The perpetual equivalent annual cost is - $35013

<h3 /><h3>The perpetual annual cost calculation</h3>

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8 0
2 years ago
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