Ask Question
8 September, 20:58

Economist Joseph Schumpeter argued that industrial concentration increases the rate of technological advance.

True/False

+2
Answers (1)
  1. 8 September, 23:34
    0
    True

    Explanation:

    According to Schumpeter, the cyclical process is almost exclusively the result of innovation in the organization, both industrial and commercial. By innovation he means, the changes in the methods of production and transportation, production of a new product, change in the industrial organization, opening up of a new market, etc. The innovation does not mean invention rather it refers to the commercial applications of new technology, new material, new methods and new sources of energy.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Economist Joseph Schumpeter argued that industrial concentration increases the rate of technological advance. True/False ...” in 📘 Social Studies if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers