In the 20th century, economist ___ focused on how the entrepreneur's drive for innovation and improvement creates upheavel and change.
A
Schumpeter
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B
Joseph Schumpeter
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C
Peter Drucker
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D
Dr. Marshal
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Solution
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.