Some large hardware stores such as Home Depot boast of carrying as many as 20,000 differe
Some large hardware stores such as Home Depot boast of carrying as many as 20,000 different products in each store. What motivated the producers of those individual products to make them and offer them for sale? How did the producers decide on the best combinations of resources to use? Who made those resources available, and why? Who decides whether these particular hardware products should continue to be produced and offered for sale?
8. What is meant by the term “creative destruction”? How does the emergence of MP3 (or iPod) technology relate to this idea?