Question 86

The primary function of a new age entrepreneur is innovation. This statement was/is proposed and propagated by :

Solution

Share

Joseph Schumpeter, an economist, is well-known for his theory on entrepreneurship, where he emphasized the role of innovation as the primary function of an entrepreneur. He introduced the concept of "creative destruction," where new innovations disrupt existing markets and drive economic growth. Schumpeter highlighted that entrepreneurs are key agents of innovation in the economy.

Get AI Help

View More Questions From Innovation and Entrepreneurship

Create a FREE account and get:

  • All Quant Formulas and shortcuts PDF
  • 40+ previous papers with detau solutions PDF
  • Top 500 MBA exam Solved Questions for Free

CMAT Quant Questions | CMAT Quantitative Ability

CMAT Geometry QuestionsCMAT Functions, Graphs and Statistics QuestionsCMAT Profit and Loss QuestionsCMAT Logarithms, Surds and Indices QuestionsCMAT Probability, Combinatorics Questions

CMAT DILR Questions | LRDI Questions For CMAT

CMAT Logical Reasoning QuestionsCMAT Arrangement QuestionsCMAT Data Interpretation Basics QuestionsCMAT Innovation and Entrepreneurship QuestionsCMAT Data Interpretation Questions

CMAT Verbal Ability Questions | VARC Questions For CMAT

CMAT Vocabulary QuestionsCMAT Critical Reasoning QuestionsCMAT Para Jumbles QuestionsCMAT Grammar and Sentence Correction QuestionsCMAT Reading Comprehension Questions

Free CMAT Topicwise Questions

CMAT Quadratic EquationsCMAT GeographyCMAT Profit and LossCMAT Para JumblesCMAT Capitals and CurrenciesCMAT Important OrganizationsCMAT BusinessCMAT BiologyCMAT PhysicsCMAT Innovation and EntrepreneurshipCMAT InequalitiesCMAT Science and TechnologyCMAT VocabularyCMAT Politics and GovernanceCMAT ChartsCMAT Banking AwarenessCMAT ArrangementCMAT Linear EquationsCMAT Data Interpretation BasicsCMAT Current AffairsCMAT Books and MoviesCMAT EconomicsCMAT AbbreviationsCMAT CultureCMAT HistoryCMAT SportsCMAT Venn DiagramsCMAT Averages, Ratio and ProportionCMAT GKCMAT Time, Speed and DistanceCMAT International GKCMAT Railways AwarenessCMAT Indian National Static GKCMAT Logical ReasoningCMAT Data InterpretationCMAT Progressions and SeriesCMAT Reading ComprehensionCMAT Economic and Social IssuesCMAT Probability, CombinatoricsCMAT Grammar and Sentence CorrectionCMAT Logarithms, Surds and IndicesCMAT GeometryCMAT People and AwardsCMAT Old Current AffairsCMAT Critical ReasoningCMAT PGDBA CalculusCMAT Banking Computer KnowledgeCMAT Set TheoryCMAT ChemistryCMAT Functions, Graphs and StatisticsCMAT Number SystemsCMAT Data Sufficiency

Book Free CAT Mentorship

Get personalized CAT strategy from a 99%iler

500+ students mentored
CAT mentor

Join CAT 2026 course by 5-Time CAT 100%iler

Crack CAT 2026 & Other Exams with Cracku!

Enroll Now
Ask AI