Question : The development process under capitalism has been described as "creative destruction" by:
Option 1: Joseph Schumpeter
Option 2: Karl Marx
Option 3: Norwood Russell Hanson
Option 4: J. S. Mill
New: SSC CHSL tier 1 answer key 2024 out | SSC CHSL 2024 Notification PDF
Recommended: How to crack SSC CHSL | SSC CHSL exam guide
Don't Miss: Month-wise Current Affairs | Upcoming government exams
Correct Answer: Joseph Schumpeter
Solution : The correct answer is Joseph Schumpeter.
The term "creative destruction" refers to the innovation and technological development process that results in the eradication of existing economic structures, such as industries, businesses and jobs. It was coined by economist Joseph Schumpeter.
Related Questions
Know More about
Staff Selection Commission Combined High ...
Result | Eligibility | Application | Admit Card | Answer Key | Preparation Tips | Cutoff
Get Updates Brochure
Your Staff Selection Commission Combined Higher Secondary Level Exam brochure has been successfully mailed to your registered email id “”.
