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Essay

International Business

Essay specific features

 

Issue:

Business

 

Written by:

Carolyn A

 

Date added:

July 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

1 / 275

 

Was viewed:

5712 times

 

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Essay content:

Expanding markets, in turn, have enhanced competition and nurtured what Joseph Schumpeter called "creative destruction," the continuous scrapping of old technologies to make way for the new. Standards of living rise because the depreciation and other cash flows of industries employing older, increasingly obsolescent, technologies are marshaled, along with new savings, to finance the production of capital assets that almost always embody cutting-edge technologies...
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Standards of living rise because the depreciation and other cash flows of industries employing older, increasingly obsolescent, technologies are marshaled, along with new savings, to finance the production of capital assets that almost always embody cutting-edge technologies. This is the process by which wealth is created incremental step by incremental step...
displayed 300 characters

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