SSC CHSL Tier 1 2015 Questions

Question 154 The development process under capitalism has been described as "Creative Destruction" by:

A) JS Mill
B) Karl Marx
C) Hansen
D) Schumpeter

Answer: Schumpeter

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More Questions SSC CHSL (10+2) Exam Paper 2015 "Held on 15-11-2015" AB2015 (Morning Session)



More about Creative destruction

Creative destruction is a great economics concept provided to world by the Austrian American economist Joseph Schumpeter. Schumpeter derived it from some work of Karl Marx and Schumpeter later popularized it as a theory of economic innovation and the business cycle.

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