The theory of innovation cycles was developed by economist Joseph Schumpeter who coined the term 'creative destruction' in 1942. Schumpeter examined the role of innovation in relation to long-wave business cycles.
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0 sats \ 0 replies \ @Coinsreporter 29 Mar
“creative destruction”
For those who didn't get it.
“creative destruction” is a concept in economics that describes a process in which new innovations replace and make obsolete older innovations.
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