According to Joseph Schumpeter,which of the factors of production is central to economic growth?
A)land
B)labor
C)natural resources
D)the entrepreneur

Question

Quizplus · Accepted Answer

Joseph Schumpeter argued that economic growth is driven by innovation, which is primarily initiated and implemented by entrepreneurs. Therefore, the central factor of production for economic growth, according to Schumpeter, is the entrepreneur.

According to Joseph Schumpeter,which of the Factors of Production Is