Subject: Economics    / General Economics
Question
Read “Creative Destruction” by W. Michael Cox and Richard Alm at

http://www.econlib.org/library/Enc/CreativeDestruction.html

and answer the following questions.

What is “creative destruction”?
How is it related to economic growth?
Give an example of industry where you see there is a ‘creative destruction’ presently takes place in the US.

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