Question
Download Solution PDF'Entrepreneur is an innovator playing the role of a dynamic businessman adding material growth to economic development', is articulated by:
Answer (Detailed Solution Below)
Detailed Solution
Download Solution PDFThe 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.
Last updated on Jun 6, 2025
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