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"Entrepreneurs are innovators" said Schumpeter. Explain briefly. - Economic Applications

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प्रश्न

"Entrepreneurs are innovators" said Schumpeter. Explain briefly.

"Entrepreneurs are innovators" Briefly explain.

स्पष्ट करा

उत्तर

According to Schumpeter, innovation is the most important function of an entrepreneur. The entrepreneur may introduce a new product, improve the old product, use new methods of production, find a new market for the product or find a new or cheaper source of raw materials. In this way, an entrepreneur is an innovator.

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Factors of Production Entrepreneur
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पाठ 1: Factors of Production - QUESTION BANK [पृष्ठ ३४]

APPEARS IN

गोयल ब्रदर्स प्रकाशन Economics [English] Class 10 ICSE
पाठ 1 Factors of Production
QUESTION BANK | Q 29. | पृष्ठ ३४
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 4 Factors of Production
QUESTIONS | Q 52. | पृष्ठ ११६
गोयल ब्रदर्स प्रकाशन Economic Application [English] Class 10 ICSE
पाठ 4 Factors of Production
QUESTION BANK | Q 32. | पृष्ठ १२०

संबंधित प्रश्‍न

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