Which one of the following was given a central place by Schumpeter in his theory of development?
A)Capital accumulation
B)Role of the Government
C)Need for balanced growth
D)Role of innovations

Question

Quizplus · Accepted Answer

Schumpeter emphasized the role of innovations and entrepreneurs in driving economic development and change. He argued that innovations in the form of new products, processes, markets, and forms of organization are the critical source of economic development.

Which One of the Following Was Given a Central Place