ABSTRACT
The foundations of economic development are innovations, ruptures and destruction. Classical economic theory has sought to ascertain the existence of a general balance in which competition sets the rules of the game through the famous invisible hand. For this, competition focuses on price levels and production volumes. Companies now provide economic creativity in a collective and systematic manner. To survive in the long term, the company has become a collective entrepreneur. The reality of economic and technical development is that major innovations are often first implemented by individual entrepreneurs, and then swiftly adopted, expanded and developed by collective entrepreneurs that are companies. As the concept of temporary monopoly is the focus of competition by innovation, this chapter illustrates how it works with concrete examples in order to underscore its influence on the market economy and better depict how its powerful dynamism both drives the economy and continues to unbalance and deconstruct it.
