Joseph Schumpeter argued that the function of the entrepreneur was to innovate as they had an ability to see new ways of putting economic factors together to cause economic growth.

Question

Quizplus · Accepted Answer

Joseph Schumpeter indeed argued that the central function of entrepreneurs was to innovate, seeing them as key agents in the economy who disrupt equilibrium through new combinations of resources and technologies, thereby driving economic development and growth.

Joseph Schumpeter Argued That the Function of the Entrepreneur Was