Economics · Development Economics
Which of the following statements is correct regarding Schumpeter's theory of economic development? A. Development is financed by real savings. B. Capitalism keeps its character intact over time. C. Development is evolutionary. D. Credit creation for innovation can lead to temporary inflation. E. Unlimited supply of labour. Choose the correct answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1A and B only
- 2C and E only
- 3D only✓
- 4A, C and D only
Correct answer
D only
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