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In the first phase of ethnic identity, a child actively begins to explore their heritage.
Joseph Schumpeter
An economist known for his theories on business cycles and innovation as the driving force behind capitalism.
Frank Knight
An influential economist known for his work on risk, uncertainty, and profit, contributing significantly to the field of economics.
Reward For Innovation
Financial or other incentives provided to encourage the development and implementation of new ideas, processes, or products.
Reward For Uncertainty
Compensation or return expected for taking on investment or business risks, acknowledging the potential for financial loss.
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