Assertion (A): Joseph Schumpeter regarded the entrepreneur as an innovator who brings about 'creative destruction' in the economy. Reason (R): According to Schumpeter, entrepreneurs merely allocate existing resources efficiently without introducing new combinations. Select the correct option:

Question

Economics · Theories of Entrepreneurship

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Share:

Correct answer

A is correct, but R is incorrect

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Theories of Entrepreneurship?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Economics · Theories of Entrepreneurship

Which movement aimed to promote Khadi, a hand-spun and handwoven cloth native to India?

Who were prominent leaders associated with the initial phase of the Telangana Rebellion (1946-1951) against the Nizam's rule and feudal landlords?

What was the immediate trigger for the Revolt of 1857?

Answer 1

A is incorrect, but R is correct

Answer 2

A is correct, but R is incorrect

Answer 3

Both A and R are correct, but R is not the correct explanation of A

Answer 4

Both A and R are correct, and R is the correct explanation of A

Related Practice Questions