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Answer : 4. "Schumpeter"
Who developed the innovative theory of profit?
5Q:
Who developed the innovative theory of profit?
- 1Walkerfalse
- 2Clarkefalse
- 3Knightfalse
- 4Schumpetertrue
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Answer : 4. "Schumpeter"
Explanation :
The 'Innovation Theory of Profit' was proposed by Joseph. A. Schumpeter who believed that an entrepreneur can earn economic profits by introducing successful innovations.