The innovation theory of profit was proposed by

Options

A. Marshell
B. Clark
C. Schumpeter
D. Joan Robbinson

Answer

C

Explanation

The Innovation Theory of profit was proposed by Joseph.A.Schumpeter,who believed that an entrepreneur can earn economic profits by introducing successful innovation. In other words ,innovation theory of profit posits that the main function of an entrepreneur is to introduce innovation and the profit in the form of reward is given for his performance.