Accountancy, asked by vipin6233, 1 year ago

Discuss the innovation theory of profit enunciated by a.Schumpeter

Answers

Answered by Akhilrajput1

Schumpeter's Innovation Theory of Profit. Definition: The Innovation Theory of Profitwas proposed by Joseph. ... According to Schumpeter, innovation refers to any new policy that an entrepreneur undertakes to reduce the overall cost of production or increase the demand for his products.

Previous Question

Next Question

Similar questions

English, 7 months ago

i admire my father for his __(select the phrase)...

Physics, 7 months ago

3. When a ray of light strikes the surface of separation of two optical media...

Physics, 7 months ago

what determines the inertia of a body? do all bodies have the same inertia...

Chemistry, 1 year ago

Compounds which show chemical properties like their elements...

Biology, 1 year ago

Calendula chemical and structure composition in medicine...

Math, 1 year ago

find the cost price if SP is equal to 1128 and loss is equal to 6%...

Science, 1 year ago

heater is placed on ground and not near ceiling. why...

Math, 1 year ago

If all the words formed by the letters of the word RAINBOW are arranged in a dictionary form, then what is the position of the word RAINBOW in that dictionary?