Home ยป According to Joseph Schumpeter, profit is the reward for Demand and Supply MCQs According to Joseph Schumpeter, profit is the reward for September 27, 2022 10 Views Q. According to Joseph Schumpeter, profit is the reward for: Innovation Uncertainty-bearingRisk-taking Management Answer: Innovation
The term ‘normal profit’ as used in the analysis of equilibrium of the firm under perfect competition, refers to