Which theory of profit views profit as a reward for introducing a new product or technique?
A) Risk-bearing theory
B) Frictional theory
C) Monopoly theory
D) Innovation theory

Question

Quizplus · Accepted Answer

Innovation theory, proposed by Joseph Schumpeter, views profit as a reward for entrepreneurs who innovate by introducing new products, services, or techniques. This theory emphasizes the role of innovation in driving economic growth and generating profits for the innovator.

Which Theory of Profit Views Profit as a Reward for Introducing