Economics · Economic Growth
According to Joseph Schumpeter, an entrepreneur earns economic profit primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1He acts as an innovator✓
- 2All of his risks are fully insurable
- 3Economic uncertainty has been completely eliminated
- 4He operates in a perfectly competitive equilibrium
Correct answer
He acts as an innovator
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