Which one of the following has been wrongly listed as a defect of Schumpeter s theory?
1.He wrongly asserts that capitalism is crumbling and socialism is likely to replace it
2.enterprise as a phenomenon common to all social organisations
3.His assumption that all innovations are financed by borrowings is not correct because banks generally provide only short-term loans
4.None of the above
Posted Date:-2021-08-03 07:08:48