What is Schumpeter theory & what is the innovation theory by
Joseph Schumpter? in depth explaination
50.1K
Verified Solution
Link Copied!
Question
Economics
What is Schumpeter theory & what is the innovation theory byJoseph Schumpter? in depth explaination
Answer & Explanation
Solved by verified expert
3.9 Ratings (775 Votes)
Schumpeters Theory of Innovation states that business innovations are an important factor for the increase in investments and any fluctuations in business Schumpeter stated that innovation results in growth of the organization Under innovation he included changes in production methods changes in transportation methods new product development entering new markets etc Innovation doesnt necessarily need to include innovation but more integrated and efficient way to apply technology utilize new materials and more productivity
See Answer
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
