Which of the following is not an assumption of Schumpeter’s stationary state ?

Related Mcqs:

Technical advance involves ?

A. the development of pure science, invention innovation financing the innovation and the innovation’s acceptance B. introducing new products modifying production functions creating credit and making profits C. innovation investment credit creation and economies growth D. patent management resource gains mature innovation and speculative gains...

According to William Baumol under oligopolistic competition among large, high tech business firms. innovation has ?

A. created stationary economies of scale B. maintained the relationship between firms and their clients C. replaced price as the important D. limited the expansion of firms...

The entrepreneur can be viewed as the ?

I- coordinator of other production resources II- decision maker under uncertainty III- innovator IV- gap filler and input completer 1. I and II only 2. II and III only 3. I, II and only 4. I, II, III and IV...

The Protestant Ethic and the Spirit of Capitalism was written by ?

A. Adam Smith B. Max Weber C. Joseph Schumpeter D. William Baumol...

According to Weber’s thesis ?

A. Protestants disapproved of accumulating wealth B. Protestants failed to restrict extravagance and conspicuous consumption C. Roman Catholicism expressed its asceticism in a secular vocation D. capitalism was most advanced in Protestant countries...