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Importance of Business Economics
?
Which of the following will NOT explain Joseph Schumpeter?
Innovation is the critical dimension of economic change.
Schumpeter argued that the innovation and technological change of a nation come from the entrepreneurs, or wild spirits.
He believed that Capitalism is sustainable.
According to him, long economic cycles are caused by innovation.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Correct answer: (C)
He believed that Capitalism is sustainable.
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