The process of creative destruction is the essential fact about capitalism.
创造性破坏的过程是资本主义的基本事实。
The theory of economic development is the study of how the economic system generates the forces which incessantly transform it.
经济发展理论研究的是经济系统如何产生不断改变它的力量。
The first task is to understand the problem, the second to find a solution, and the third to carry it out.
第一项任务是理解问题，第二项是找到解决方案，第三项是执行它。
The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way.
Capitalism, then, is by nature a form or method of economic change and not only never is but never can be stationary.
The opening up of new markets, foreign or domestic, and the organizational development from the craft shop and factory to such concerns as U.S. Steel illustrate the same process of industrial mutation—if I may use that biological term—that incessantly revolutionizes the economic structure from within, incessantly destroying the old one, incessantly creating a new one.
The fundamental impulse that sets and keeps the capitalist engine in motion comes from the new consumers' goods, the new methods of production or transportation, the new markets, the new forms of industrial organization that capitalist enterprise creates.
Innovation is the market introduction of a new technical process, product, or organizational form.
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