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Write a note on innovation theory of profit?
Prof. Schumpeter attributes profit to dynamic changes resulting from an innovation. To start with he takes a capitalist closed economy which is in a stationary equilibrium. This equilibrium is characterised by what Schumpeter calls a "circular flow" which continues to repeat itself for ever. In such a static state, there is perfectly competitive equilibrium. The price of each product just equals its cost of production and there is no profit. Only exogenous factors like whether conditions can cause changes in the circular flow position. In the circular flow position goods are being produced at a constant rate. This routine work is being performed by the salaried managers. It is the entrepreneur who disturbs the channels of this circular floe by the introduction of an innovation. Thus Schumpeter assigns the role of an innovator not to the capitalist but to the entrepreneur.
What is meant by a stress on a reaction at equilibrium?
A stress on a reaction at equilibrium refers to any change that disturbs the balance between reactants and products. This can include changes in temperature, pressure, or concentration. When a stress is applied, the reaction will shift in a direction that helps to relieve the stress and re-establish equilibrium.
Who disturbs the watch of the Elsinore guards?
The ghost of King Hamlet disturbs the watch of the Elsinore guards.
What sound disturbs the narrator while he is napping?
The sound of a groaning ghost disturbs the narrator while he is napping.
Why is there no eletricoincs in school?
Because to the teachers it "disturbs the class".
How many syllables does disturbs have?
Just two, dis-turbs.
Is teasing bad for the hair?
Yes, it disturbs the cuticle of the hair.
What are example of ecological succession?
A forest fire, Earthquake, Tornado, Hurricane. Basically, anything that disturbs or damages. A forest fire, Earthquake, Tornado, Hurricane. Basically, anything that disturbs or damages.
What rhymes with preserved?
Deserves Observes Disturbs a blur endures Deserves Observes Disturbs a blur endures
What are some activities that distruct the ecosystem?
activities like cutting down of trees disturbs the ecosystem because it actually disturbs the life cycle of animals and consequently the human life cycle too
Who are Jedi enemies?
Mainly the Sith, but really anyone who disturbs justice
What did King Duncan disturbs Macbeth by announcing?
Malcolm will be the future king of Scotland
