Additionally, it is disruptive and can render obsolete existing sectors.
Capitalism, according to Schumpeter, was the story of constant, normally gut-wrenching change, in which innovation put established firms out of business and made whole sectors obsolete.
Increasingly, rising crude oil prices, a patchwork of government policies, mismanagement, corruption, neglect, the monopoly of the energy sector, and obsolete energy infrastructure have become major contributory factors to the supply shortfalls.
While animal agriculture is the single most environmentally problematic aspect of the fashion industrial complex, the need to actually breed, farm, trap, confine and kill animals in order to attain their fibers will soon be obsolete thanks to a burgeoning sector of biofabrication startup businesses.
Those whose business models are becoming obsolete, such as in the education sector, where online businesses are taking market share and profit from the offline business.
However, they become obsolete fast or miss information for other sectors and are very expensive to update.
A review of the remaining categories is a who's who of job sectors that are increasingly becoming obsolete.
Traditionally, business viewed the social sector as a dumping ground for spare cash, obsolete equipment, and tired executives.
Fluctuating transport volumes result in obsolete fleets and port facilities, a stable or declining cruise shipping sector and limited investments in developing technologies aimed at sustainability.
Finding a match in which older workers can use their (probably relatively obsolete) specific human capital may be a problem if the whole sector is declining.
