Question

Which is an example of Creative Destruction? Stores installing increased number of self-checkout options while minimizing cashier lanes The higher rates of purchasing artificial Christmas trees instead of buying a fresh live Christmas tree The availability of both bookstores and audio books no more video rental retail stores because of the availability of streaming movies

Answer 1

Answer ; Example of creative destruction - No more video rental retail stores because of the availability of streaming videos.

Answer 28. Good Policy uses incentives to devote behaviour toward a desired outcome. A bad policy falls to anticipate human behaviour changes to avoid being penalised.

Answer Economist use the term Preverse Incentives when describing attempts to regulate or reward but the opposite and different reinforcement occurs. In Policy this is also called unintended consequences.

Answer : In the public sector Government tells buisnesses where to focus their resources , In the private sctor the market tells corporation where to devote the resources.