Who claims that the abilities of entrepreneur are " so great and so numerous that very few people can exhibit them in all in a very high degree"?

Adam Smith

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John Stuart Mill

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Marshall

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David Ricardo

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Solution

The correct option is C Marshall
Marshall claims that the traits associated with entrepreneurship is rare and limited in supply. He claims that the abilities of entrepreneur are "so great and so numerous that very few people can exhibit them in all in a very high degree. But on the same line, he suggests that these qualities can be taught. Although some entrepreneur poses some common qualities, but their success depends on the economic situation surrounding them.

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Q. Identify which of the following statement is true.
(W) Leibenstein claims that the dominant, necessary characteristics of entrepreneurs is that they are gap - fillers.
(X) Kirzner suggests that the process of innovation is actually of spontaneous "undeliberate learning".
(Y) Knight claims that an entrepreneur will be able to bear the risk of a new venture if he believes that there is a significant chance of profits.
(Z) Marshall, however, implies that people can be taught to acquire the abilities that are necessary to be an entrepreneur.
Select the correct answer from the options given below -

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