Which five forms of innovation did the Austrian economist Joseph Schumpeter identify?
A) New products or services, processes, markets, inputs and political systems
B) New products or services, processes, markets, inputs and brands
C) New products or services, processes, markets, inputs and organizations
D) New products or services, processes, markets, inputs and behaviors

Question

Quizplus · Accepted Answer

Joseph Schumpeter identified five forms of innovation: new products or services, processes, markets, inputs and organizations. These forms of innovation can lead to economic growth and development.

Which Five Forms of Innovation Did the Austrian Economist Joseph