creative destruction

Noun

uncountable

(economics, capitalism) The process of industrial mutation that continually revolutionizes the economic structure from within.

Japanese Meaning

経済成長や技術革新によって、旧態依然とした産業や企業が破壊され、新たな産業が誕生する現象。 / 資本主義経済において、内部から経済構造が革新的に変容するプロセス。

What is this buttons?

Many entrepreneurs view creative destruction as both a threat and an opportunity for long-term economic growth.

Google Translation / DeepL Translation

多くの起業家は、創造的破壊を長期的な経済成長に対する脅威であると同時に機会でもあると見なしている。

Details

Sense（1）

(economics, capitalism) The process of industrial mutation that continually revolutionizes the economic structure from within.

Like all major industrial advances, the telecomputer is an instrument of creative destruction. All the likely victims are mobilizing to prevent their own destruction. It is unsure how soon the creators will win.

Google Translation / DeepL Translation

Details

creative destruction

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