Teaching BPSC 4.0 बिहार उच्च माध्यमिक शिक्षक भर्ती (PGT) Mock Test General Knowledge Economy National Income Accounting
Creative destruction is often seen in the news. Consider the following statement regarding it,
1. It refers to the incessant product and process innovation mechanism by which new production units replace outdated ones.
2. It was coined by Joseph Schumpeter.
Which of the statements given above is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
More than one of the above
5
None of the above