Question

an entrepreneur must be an innovator​

Answer 1

Answer:

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Answer 2

Answer:

5Joseph A. Schumpeter, for the first time in 1934, assigned a crucial role of ‘innovation’ to the entrepreneur in his magnum opus ‘Theory of Economic Development.’ Schumpeter considered economic development as a discrete dynamic change brought by entrepreneur by instituting new combinations of factors of production which he called ‘innovation’.

In other words, entrepreneur is, according to Schumpeter, a ‘creative destructor’ who creates or causes a dynamic disequilibrium in the economy by taking innovation to commercialization by embedding it in an environment where it did not exist previously.