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Business Studies

Planning Process

Who suggests ...

Question

Who suggests that the process of innovation is actually of spontaneous " undeliberate learning"?

A

Knight

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B

Kirzner

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C

John Stuart Mill

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D

David Ricardo

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Solution

The correct option is B Kirzner
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.

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Similar questions

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 front the options given -

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 -

Q. suggests that a process is spontaneous

Fires in underground coal mines usually occur due to the :

(a) explosive combustion

(b) deliberate combustion

(c) spontaneous combustion

(d) rapid combustion

Q. Who defines that deliberative democracy is built on the system of deliberation?

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