Who among the following are associated with the concept of 'Entrepreneurship"? 1. Richard Cantillon…
Richard Cantillon (i), Adam Smith (iii), Jean-Baptiste Say (iv), and Joseph A. Schumpeter (v) made foundational contributions to the economic theory of entrepreneurship and…
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Who among the following are associated with the concept of 'Entrepreneurship"?
1. Richard Cantillon
2.Lionel Robbins
3.Adam Smith
4.Jean-Baptiste Say
5.Joseph Schumpeter
Answer and explanation
Correct answer B
Richard Cantillon (i), Adam Smith (iii), Jean-Baptiste Say (iv), and Joseph A. Schumpeter (v) made foundational contributions to the economic theory of entrepreneurship and capital accumulation, whereas Lionel Robbins (ii) is renowned for his scarcity definition of economic science rather than entrepreneurship theory.
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