Which of the following does NOT represent an assumption in Schumpeter’s concept of the stationary state?

Entrepreneurship, Organization, And Innovation MCQs for PPSC, FPSC, NTS, and Pakistan government job tests. Select an option below, then read the explanation.

Entrepreneurship, Organization, And Innovation

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Subject
Entrepreneurship, Organization, And Innovationeconomics-mcqs › entrepreneurship-organization-and-innovation
Published
1 Jun 2019
Last updated
28 May 2026

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Explanation

Schumpeter’s stationary state assumes perfect competition, no savings or technological innovation, and no need for entrepreneurial functions. However, it does not assume that the economy is operating below full employment.

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