...scale unit of control for Instance)— competition which • • • strikes not at the margins of profits and the outputs of the existing firms but at their foundations and their very lives. This kind of competition is as much more effective than the other as a bombardment Is In comparison...

...largest scale unit of control for instance)— competition which * • • strikes not at tho margins of profits and the outputs of the existing; firms but at their foundations and their very lives. This kind of competition Is as much more effective than the other as a bom bardment is in comparison...

...counts is "the competition from the new comnodity, the new technology, the new source of supply . . . which commands a decisive cost or quality advantage...outputs of the existing firms but at their foundations . . ." I/ I/ Joseph A. Schumpeter, Capitalism, Socialism and Democracy, Harper 6 Row, p. 84. Third,...

...from the new commodity, the new technology, the new source of supply, the new type of organization — competition which commands a decisive cost or quality advantage and which strikes not at the margin of the profits and outputs of existing firms, but at their very foundations and their very lives....

...commodity, the new technology, the new source of supply, the new type of organization (the largestscale unit of control for instance) — competition which...firms but at their foundations and their very lives. This kind of competition is at much more effective than the other as a bombardment is in comparison...

...commodity, the new technology, the new source of supply, the new type of organization (the largest scale unit of control for instance) — competition which...strikes not at the margins of the profits and the output of existing forms, but at their foundations and their very lives.10 As Schumpeter conceived...

...commodity, the new technology, the new source of supply, the new type of organization (the largest-scale unit of control for instance)— competition which...advantage and which strikes not at the margins of Ihe profits and the outputs of Ihe enisling firms but at their foundations and their very lives. This...

...organization, for instance, the transition towards big enterprise; it will therefore include that kind of competition "which commands a decisive cost or quality...firms, but at their foundations and their very lives" (161). Economic life is nowadays dominated by dynamic competitive processes, and the classic forms...

...from the new commodity, the new technology, the new source of supply, the new type of organization — competition which commands a decisive cost or quality advantage and which strikes not at the margin of the profits and outputs of existing firms, but at their very foundations and their very lives....

...supply, the new type of organization (the largest-scale unit of control for instance)—competition which commands a decisive cost or quality advantage...not at the margins of the profits and the outputs of existing firms but at their very foundations and their very lives. 7 Schumpeter was describing a rather...