Thursday, October 14, 2010

Creative Destruction and Consumer Sovereignty




4. List of defunct airlines of the United States.

These lists provide lots of evidence of: a) the discipline of the market, b) consumer sovereignty, c) consumer greed, d) creative destruction, e) the dynamism of the U.S. economy, f) the effectiveness of the profit and loss system, g) entrepreneurship and innovation, and h) intense global competition, among others.  

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