Disruption: Difference between revisions
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Latest revision as of 21:05, 2 July 2024
1.
In a negative sense, disruption refers to harmful interference with the normal functioning of individual markets, the wider financial system, or economic activity as a whole.
2.
Interference with the delivery of goods or the execution of a service, for example electricity.
3.
Used in a positive sense, disruption is also an abbreviation for disruptive innovation.
Such innovations are considered likely to disrupt the dominant positions of existing suppliers in the market, to the ultimate benefit of consumers and the economy through improved service and price competition.
