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SCHUMPETER’S VIEW ON INNOVATION AND ENTREPRENEURSHIP Flashcards | StudBud
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SCHUMPETER’S VIEW ON INNOVATION AND ENTREPRENEURSHIP
SCHUMPETER’S VIEW ON INNOVATION AND ENTREPRENEURSHIP
22 terms
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StudBud Administration
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Skema Brazil Macroeconomics.
Flashcards
22 cards
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Questions
22
Answers
1
What are Schumpeter's most distinctive contributions to economics?
The concepts of I don't know and I'll try to guess
The concepts of globalization and international trade
The concepts of means of production and technology
The concepts of innovation and entrepreneurship
2
In his earlier view, how Schumpeter viewed the occurrence of discontinuous and “revolutionary” changes?
As the core of " social revolution”
As the core of " industrial revolution”
As the core of “economic development”
God only knows
3
Did you read the article "Schumpeter’s View on Innovation and Entrepreneurship"?
Yes, of course.
Was it for today? I forgot.
No, I'm sorry.
No, but I will pretend to have read it.
4
In "Theory of economic development" Schumpeter described development as historical process of...
structural changes, substantially driven by innovation
structural changes, driven by government policies
structural changes, driven substantially by consumers
structural changes, driven by increased consumption and income
5
It isn't a type of innovation...
application of new methods of sales of a product
application of new methods of production.
opening of a new market
a creative invention.
6
Typical characteristics of entrepreneurs are:
all options are correct
intelligence, arrogance, greed and determination.
wealth, intelligence, determination and good academic training
intelligence, alertness, energy and determination.
7
The macroeconomic effects of any basic innovation are...
hardly noticeable in the first few years.
never noticeable.
juntos e shallow now...
immediately noticeable in the first few years.
8
In his Capitalism, Socialism, and Democracy, he took the view that dynamic capitalism was executed to fail.
True
False
9
In Schumpeter’s analysis, the invention phase or the basic innovation have...
no impact on the state of an economy
less impact then the diffusion on the state of an economy
no impact on the macroeconomic growth
have impact the stationary socialist economy
10
Schumpeter is regarded as one of the greatest .... of the first half of the twentieth century.
philosopher
central bank president
entrepreneur
economist
11
Schumpeter did not believed that...
Innovation is an essential driver of competitiveness.
Innovation revolutionizes the economic structure..
Innovation causes gales of “creative destruction”.
Innovation causes economic crises.
12
Carrying out innovations is a function which...
is fundamental in history
makes the richest even richer
only distorts society.
is the responsibility of the government alone.
13
According to Schumpeter, consumers in the process of economic development ...
launches new products every day.
play the role of financing entrepreneur.
play a key role.
play a passive role.
14
On the second theory Schumpeter says explicitly, that entrepreneur does not does not have to be one person.
False
True
15
Schumpeter divided the innovation process into four dimensions:
North, south, east and west
Land, capital, work and entrepreneurship
invention, innovation, diffusion and imitation.
innovation, monetization, diffusion and imitation.
16
Schumpeter was the first to lay out a clear concept of...
Perfect competition
Entrepreneurship
Socialism
Capitalism
17
According to Schumpeter’s "First“ theory, the entrepreneur may be a person who is not the owner of a capital.
False
True
18
Schumpeter says that “creative destruction” is...
"a pure new idea"
"the biggest problem in modern society"
“the essence of capitalism”
"the essence of socialist economy"
19
Launching a new line of products already known is not a type of innovation.
False
True
20
On the „Second“ theory, he put much greater emphasis on entrepreneurship, than on innovation
True
False
21
Schumpeter argued that entrepreneurship leads to something he called...
Capitalism
Economic prosperity
Wealth
Creative destruction
22
Launching a new product is a type of innovation
True
False
