Development Theories and Under Development
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- Development Theories and Under Developmentpolitical-science-mcqs › development-theories-and-under-development
- Published
- 18 Jun 2022
- Last updated
- 28 May 2026
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Explanation
Schumpeter emphasized that entrepreneurs drive development primarily by transforming consumer tastes and creating new demands, rather than merely responding to existing preferences or competing on price.
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Practice related questions from the same subject.
- 1.According to Hansen, what are the two main constraints on development today compared to the nineteenth century?
- 2.Who extended the concepts introduced in The General Theory of Employment, Interest, and Money through the Theory of Economic Maturity?
- 3.Which of the following statements is incorrectly identified as a flaw in Schumpeter’s theory?
- 4.According to Schumpeter, major progress in a country's production happens through irregular jumps and bursts. This concept was:
- 5.What is the primary shortcoming of the neo-Classical development theory?
- 6.According to new-classical economists, who gains from economic growth?
- 7.According to neo-classical economists, how are wages primarily determined?
- 8.Which of the following is incorrectly identified as a component of Marx's theory of development?
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