Which of the following statements best describes Schumpeter's view of the source of economic profits in capitalism?

Question

Quizplus · Accepted Answer

Schumpeter believed that economic profits in capitalism were generated through the innovations of the entrepreneur. He argued that entrepreneurs are the true source of economic growth because they introduce new products, processes, and markets that disrupt the existing economic order and create new opportunities for profit. This process of "creative destruction" is what drives economic progress and generates large profits for successful entrepreneurs.

Which of the Following Statements Best Describes Schumpeter's View of the Source