Definitions
from WordNet 3.0 Copyright 2006 by Princeton University. All rights reserved.
- noun United States economist (born in Czechoslovakia) (1883-1950)
Etymologies
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Examples
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i would urge you to look up 'creative destruction'; it's an economic term with a definition, that describes how capitalism remakes itself over time by creating new industries and technologies that force archaic modes of business to extinction. it was originally coined by joseph schumpeter of the austrian school in the late 1940's.
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