Aha Trivia Stuff Everyone Should Know
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What does Schumpeter call the process that replaces inferior innovations?

Creative destruction.

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  1. Creative destruction ✔
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Why: Schumpeter described creative destruction as launching innovations that destroy old industries while ushering in new ones.

Huh, didn't know that: Schumpeter described creative destruction as launching innovations that destroy old industries while ushering in new ones.

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References

Answer: Creative destruction. Schumpeter described creative destruction as launching innovations that destroy old industries while ushering in new ones.

  1. Entrepreneurship en.wikipedia.org/wiki/Entrepreneurship
    launching innovations that simultaneously destroy old industries while ushering in new industries
    Checked 2026-11-07.

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