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Creative destruction - Wikipedia, the free encyclopedia (460 words) |
 | Creative destruction is the colourful expression introduced by the economist Joseph Schumpeter to describe his view of the process of industrial transformation that accompanies radical innovation. |
| In fact, successful innovation is normally a source of temporary market power, eroding the profits and position of old firms, yet ultimately succumbing to the pressure of new inventions commercialised by competing entrants. |
| Creative destruction is a powerful economic concept because it can explain many of the dynamics of industrial change: the transition from a competitive to a monopolistic market, and back again. |
| Destruction - Wikipedia, the free encyclopedia (69 words) |
| Destruction is a German thrash metal band formed in Lörrach, Germany in 1983. |
| Destruction recorded their first demo in 1984 entitled Bestial Invasion Of Hell. |
| Destruction is one of the three big names of German thrash metal; the others are Kreator and Sodom. |
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