Overview
Technological disruption is a powerful force that reshapes economies and industries. It introduces innovations that can lead to significant changes in how businesses operate and how consumers interact with products and services. While disruption can create opportunities for growth and efficiency, it...
Key Terms
Example: The rise of streaming services disrupted traditional cable television.
Example: Smartphones are an innovation that changed communication.
Example: Factory workers may lose jobs due to automation.
Example: A country experiencing economic growth may see higher GDP.
Example: Increased productivity can lead to lower costs and higher profits.
Example: The shift from manufacturing to service industries in developed countries.
Related Topics
Key Concepts
disruptioninnovationjob displacementeconomic growth