Students in their own words need to write an essay that meets the following criteria:
1. A complete definition of Creative Destruction as it pertains to Economic Theory
2. A detailed analysis of an example of Creative Destruction in the Historical Marketplace, for example, the death of the CD. (DO NOT WRITE ABOUT Joseph Schumpeter!!!!!!!!)
3. A speculative analysis of a market product or service that may be currently or in the future
will be creative destroyed and how, please speculate on what will destroy this. For example:
Tesla and the electric car.
The essay needs to have a clear introduction, a well laid out structure, and a solid conclusion.
The length of the essay is at the discretion of the writer as long as the criteria are clearly met.
(Please keep it at grade 12 level!!!!)
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