Who viewed entrepreneurship as a force of "creative destruction."?

John Schumpeter

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Joseph Schumpeter

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Peter Drucker

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Dr. Marshal

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Solution

The correct option is B Joseph Schumpeter
Schumpter viewed entrepreneurship as a force of "creative Destruction". The entrepreneurs carry out "new combinations", thereby helping render old industries obsolete. Established ways of doing business are taken over by innovations and new ideas.

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Why is entrepreneurship regarded as a creative activity?

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