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Answer : 1. "Clarke"
Who was the proponent of the dynamic theory of profit?
5Q:
Who was the proponent of the dynamic theory of profit?
- 1Clarketrue
- 2Schumpeterfalse
- 3Knightfalse
- 4Hallifalse
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Answer : 1. "Clarke"
Explanation :
Dynamic theory of profit was advocated by J.B Clark. He stated that profits rise in that of type of economy where the things change. No profits will be generated n the static economy, where everything remains constant.