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(economics, capitalism) The process of industrial mutation that continually revolutionizes the economic structure from within.

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creative destruction

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creative destruction

noun

(economics, capitalism) The process of industrial mutation that continually revolutionizes the economic structure from within.

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(economics, capitalism) The process of industrial mutation that continually revolutionizes the economic structure from within.

Like all major industrial advances, the telecomputer is an instrument of creative destruction. All the likely victims are mobilizing to prevent their own destruction. It is unsure how soon the creators will win.

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creative destruction

Dictionary quizzes to help you remember vocabulary

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