'Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development', is articulated by:

This question was previously asked in
UGC NET (Management) Official Paper-II (Held On: 12 Mar, 2023 Shift 2)
View all UGC NET Papers >
  1. Porter (1990)
  2. Lichtenstein and Lyons (2010)
  3. Joseph Schumpeter (1883-1950)
  4. Shane (2008)

Answer (Detailed Solution Below)

Option 3 : Joseph Schumpeter (1883-1950)
Free
UGC NET Paper 1: Held on 21st August 2024 Shift 1
13 K Users
50 Questions 100 Marks 60 Mins

Detailed Solution

Download Solution PDF

The correct answer is Joseph Schumpeter (1883-1950).

Key Points

  • The statement "Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development" aligns with the ideas and concepts put forth by Joseph Schumpeter (1883-1950), an influential economist and social scientist.
  • Schumpeter's work focused on the role of entrepreneurship in economic development and the concept of "creative destruction."
  • Schumpeter viewed entrepreneurs as agents of change who drive economic progress through innovation and disruption.
  • He emphasized the importance of entrepreneurs in introducing new products, services, technologies, and business models, which he believed were the primary drivers of economic growth and development.
  • According to Schumpeter, entrepreneurship was a dynamic force that fueled economic transformation and led to the creation of new industries and the decline of old ones.
Latest UGC NET Updates

Last updated on Jun 12, 2025

-> The UGC NET June 2025 exam will be conducted from 25th to 29th June 2025.

-> The UGC-NET exam takes place for 85 subjects, to determine the eligibility for 'Junior Research Fellowship’ and ‘Assistant Professor’ posts, as well as for PhD. admissions.

-> The exam is conducted bi-annually - in June and December cycles.

-> The exam comprises two papers - Paper I and Paper II. Paper I consists of 50 questions and Paper II consists of 100 questions. 

-> The candidates who are preparing for the exam can check the UGC NET Previous Year Papers and UGC NET Test Series to boost their preparations.

More Enterpreneurship Questions

Get Free Access Now
Hot Links: teen patti real cash apk teen patti joy teen patti gold new version 2024