Categories
Economics

Which of the following is inconsistent with the Schumpeter’s theory of development?

A. the course of growth is continuous
B. the output expansion, initiated by the entrepreneur, increases in size with time, making it cumulative
C. growth takes place on account of entrepreneurs who, with the help of bank credit, invest in innovative activity
D. capitalism destroys itself by being successful through the erosion of its institutions, by the hostility of the intellectuals
and other elite classes and also by the weakening of entrepreneurial innovation

CORRECT ANSWER IS: the course of growth is continuous