In Figure 4 of the text, Carlota Perez explains the process of creative destruction of long wave transitions by going through it step-by-step. Select one example of creative destruction your choice. Then walk us through each of the steps outlined in Figure 4. Make sure you read the text before you answer the question to ensure that you understand what she means by each step of the process. Also make sure you make clear which step you refer to at each point of your explanation (use bullets to distinguish between them).
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