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Ulleksa [173]
3 years ago
12

The emergence of self-driving cars is an example of ""creative destruction"" because.

Business
1 answer:
Schach [20]3 years ago
8 0

This is because: Self-driving cars will be less expensive to build than current cars.

<h3>What is creative destruction?</h3>

This term was coined by Joseph Schumpeter. The concept of creative destruction refers to the process of economic innovation, in which some products are replaced by others, or some firms die because they are driven out of the market by others, and so on.

When  a company produces a new good that makes the old ones already in the market obsolete, the company is said to be creatively destroying the old goods.

An classical example of creative destruction occurred when Steve Jobs introduced the Iphone in 2007.

Therefore, the emergence of self-driving cars is an example of ""creative destruction"" because self-driving cars will be less expensive to build than current cars

Learn more about creative destruction here : brainly.com/question/4303014

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3 years ago
(More than 1 answer)Which of the following collect and evaluate career outlook information: Internal Revenue Service
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3 years ago
What is the most popular ownership structure within the u.S.?
Shkiper50 [21]

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Explanation:

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Usually this kind of business will mostly end with the death of the business owner.

3 0
3 years ago
You will be administratively suspended if you have a breath or blood alcohol level of ____ or above or refuse to submit to a che
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7 0
3 years ago
Russell Co. reports sales revenue of $30,600 and interest revenue of $5,600. Its comparative balance sheet shows that accounts r
Goryan [66]

Answer:

Cash provided by operating activities $39,650

Explanation:

The computation of the cash provided by operating activities under the direct method is as follows:

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