MCQOPTIONS
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| 1. |
Which of the following is inconsistent with the Schumpeter's theory of development? |
| A. | The course of growth is continuous |
| B. | The output expansion, initiated by the entrepreneur, increases in size with time, making it cumulative |
| C. | Growth takes place on account of entrepreneurs who, with the help of bank credit, invest ininnovative activity |
| D. | Capitalism destroys itself by being successful through the erosion of its institutions, by the hostility of its intellectuals and other elite classes, and also by the weakening of entrepreneurial innovation |
| Answer» B. The output expansion, initiated by the entrepreneur, increases in size with time, making it cumulative | |