Demand and Supply MCQs

According to Joseph Schumpeter, profit is the reward for

September 27, 2022

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According to Joseph Schumpeter, profit is the reward for

Q. According to Joseph Schumpeter, profit is the reward for:

Innovation
Uncertainty-bearing
Risk-taking
Management

Answer: Innovation

According to Joseph Schumpeter, profit is the reward for

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Who argued that pure profit can arise only in a dynamic economy?

According to Joseph Schumpeter, profit is the reward for

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The term 'normal profit' as used in the analysis of equilibrium of the firm under perfect competition, refers to

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