Answer:
B. Disruptive innovation
Explanation:
A disruptive innovation is an innovation whose application affects how a market or industry functions significantly, it requires a major change in the way consumers live and creates a new market and value chain. Examples of disruptive innovation are; the internet, radio, smart phones, steel mini mills, etc.
I believe the answer is: Matthew Boulton
Matthew Boulton was an English businessman who became the business partner of James Watt.
Due to James watt's invention, he's entitled to some percentage of machines that sold due to James watt's invention.
Answer:
(a) Adam Smith - Believed that that in a capitalist, free-market system, all economic agents are coordinated under "the invisible hand", and this results in the benefit of all of them.
(b) Thomas Malthus - Believed that while increased food production rose standards of living, the effect was only temporary, because the same rise in food supply lead to a rise in population growth, and there would a time when there would be too many people to be fed. (the Malthusian Catastrophe).
(c) David Ricardo - He opposed mercantilism, and argued instead that unrestrained free trade benefited every nations. This is because of the concept of comparative advantage: under a free trade systems, nations would specialize in those industries they do best, and import anything that they do not produce.
Answer:
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