The Process of Creative Destruction

Who is the author?

Joseph Schumpeter

what keeps capitalism going?

1.new consumers' goods 2.the new methods of production or transportation 3.the new markets 4.the new forms of industrial organization that capitalist enterprise creates.

what is a form or method of economic change that is evolutionary in nature?

capitalism

what is creative destruction?

process of industrial mutation that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one -what capitalism lives in -refers more broadly to the linked processes of the accumulation and annihilation of wealth under capitalism.

what is an example of creative destruction? (Found online)

One such example is the way in which online ad-supported news sites such as The Huffington Post are leading to creative destruction of the traditional newspaper. The Christian Science Monitor announced in January 2009[24] that it would no longer continue to publish a daily paper edition, but would be available online daily and provide a weekly print edition. The Seattle Post-Intelligencer became online-only in March 2009.[25] At a national level in USA, employment in the newspaper business fell from 455,700 in 1990 to 225,100 in 2013. Over that same period, employment in internet publishing and broadcasting grew from 29,400 to 121,200.[26] Traditional French alumni networks, which typically charge their students to network online or through paper directories, are in danger of creative destruction from free social networking sites such as LinkedIn and Viadeo.[27]