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Question

Dynamic theory of profit was advocated by ________.

A
Knight
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B
Schumpeter
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C
Hawley
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D
J.B. Clark
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Solution

The correct option is A J.B. Clark
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.

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