Home » General Knowledge » Indian Economy

Entrepreneurship as a theory of business was propounded by

Correct Answer: Joseph A. Schumpeter

Explanation:

Entrepreneurship as a theory of business was propounded by Joseph. A. Schumpeter.


 


Schumpeter’s Innovation Theory of Profit :



Definition:  The Innovation Theory of Profit was proposed by Joseph. A. Schumpeter, who believed that an entrepreneur can earn economic profits by introducing successful innovations.


← Previous Question Next Question→

Discussion & Comments

No comments yet. Be the first to comment!
Join Discussion