According to Schumpeter,the Most Important Activity That Drives Business Cycles

question 47

Multiple Choice

According to Schumpeter,the most important activity that drives business cycles is:

• A) consumption.
• B) savings.
• C) innovation.
• D) government direction of the economy.

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Definitions:

On Demand

A service or system that provides goods, services, or media available to consumers as soon as they request it, often via digital means.

Physiological Impact

The effect or change on the physical and biological functions of a body as a result of various factors, including stress, environment, or disease.

Colic

A condition characterized by episodes of significant distress or crying in a healthy baby with no apparent cause.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for integrating sensory information and responding accordingly.