Question

According to Joseph​ Schumpeter, what does economic progress depend​ on? A. technological change in the form of new products B. ​competition, especially price competition C. the initial endowment of economic​ resources, such as the amount of labor and capital available D. government protection of competition

Answer 1

A. technological change in the form of new products

Step-by-step explanation:

• Joseph Schumpeter gave his economist theory of creative destruction which was a change-oriented and innovative based approach to enterprise ship was the central point of his work was capitalism. In areas of economic, industrial policy, and management studies.