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Q. |
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» A. The course of growth is continuous |
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