Economics · Economic Growth and Development
According to Schumpeter, an entrepreneur earns economic profit primarily because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Most of his decisions are non-routine
- 2Uncertainty has been reduced
- 3All his risks are insurable
- 4He is an innovator✓
Correct answer
He is an innovator
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