Question

In the ${20}^t$$h$ century, economist ________ focused on how the entrepreneur's drive for innovation and improvement creates upheaval and change.

• A. Schumpeter
• B. Joseph Schumpeter
• C. Peter Drunker
• D. Dr. Marshal

Answer 1

The correct option is B Joseph Schumpeter

In 20th century, Joseph Schumpeter focused on how entrepreneur's drive for innovation and improvement creates upheaval and change. He viewed Entrepreneurship as a force for "Creative Destruction". Entrepreneurs by developing new ideas render old ideas obsolete which creates competition.