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The process by which an innovative entrepreneur takes risks and introduces new technologies to stimulate economic activity, replacing old technologies is known as ‘creative destruction’. As per Schumpeter, Joseph A. (1883– 1950), creative destruction is the key to economic growth. But due to irregularity in such innovations, business cycle is followed by both collapse and crisis (J. A. Schumpeter, Capitalism, Socialism and Democracy, 1942).