Schumpeter Creative Destruction Demystified
Competition to profit from ideas for offering better substitutions is the underlying strength of producing more from less. On the backdrop of monopolization and uprising of super-rich out of offering…
Competition & Monopoly
3 posts
Import of Ideas Persists Poverty
Ideas are at the core of creating wealth. Hence, there should be a natural correlation between the supply of ideas and the state of poverty. However, the flow of ideas…
Incremental Innovation vs Disruptive Innovation
Every day we use numerous products. We observe that some products are continuously improving. On the other hand, we also observe that a different type of product is replacing some…