Business, 14.11.2019 06:31 kayleigh88

Innovation often requires "creative destruction" in which the new products or technologies make previous products or technologies obsolete. for example, typewriters became useless when personal computers were invented. hence, the personal computer "destroyed" the typewriter. this process of creative destruction often results in structural unemployment because workers who knew how to build and maintain the old products have skills that are no longer in demand. what is the government's role in limiting how often new products are created or in those workers who are displaced because of the new product?
a. the government can limit how often new products are introduced to those workers who are displaced because of the new product.
b. the government shouldn't limit how often new products are introduced. technological changes will always result in winners and losers, so those workers who are displaced because of the new product is a normative issue.
c. the government shouldn't limit how often new products are introduced. technological changes will always result in winners and losers, so those workers who are displaced because of the new product is a positive issue.
d. the government can limit how often new products are introduced to those workers who benefit from the new product

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