English Dictionary

creative destruction

noun

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

Creative destruction is a concept in economics that refers to the process of innovation and technological advancement leading to the replacement of outdated industries and products.

意味（1）

(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.