Entrepreneurship, Organization, And Innovation
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- Subject
- Entrepreneurship, Organization, And Innovationeconomics-mcqs › entrepreneurship-organization-and-innovation
- Published
- 1 Jun 2019
- Last updated
- 28 May 2026
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Which of the following does NOT represent an assumption in Schumpeter’s concept of the stationary state?
Multiple choice question for Entrepreneurship, Organization, And Innovation. Select an option, then review the explanation below.
Explanation
Schumpeter’s stationary state assumes perfect competition, no savings or technological innovation, and no need for entrepreneurial functions. However, it does not assume that the economy is operating below full employment.
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Practice related questions from the same subject.
- 1.Which statement accurately reflects the relationship between gender and the business environment?
- 2.What did Weber's theory propose regarding the development of capitalism?
- 3.Who is the author of The Protestant Ethic and the Spirit of Capitalism?
- 4.How can the role of an entrepreneur best be described?
- 5.Joseph Schumpeter is renowned for associating the role of the entrepreneur with which concept?