Who treated entrepreneurs as an integral part of economic growth? (a) Quesnay (b) Adam Smith (c) Schumpeter (d) P.P. Drucker

Understand the Problem

The question is asking which individual treated entrepreneurs as a vital part of economic growth. It presents multiple choice answers, indicating that the user is looking to identify a specific economist known for this view.

More Information

Joseph Schumpeter is known for his ideas about how entrepreneurship drives economic growth through innovation and 'creative destruction.'

Tips

A common mistake is thinking Adam Smith emphasized entrepreneurship similarly, but his focus was more on capitalism and the invisible hand.

Sources

• Schumpeter, Drucker, and Entrepreneurship - mlari.ciam.edu
• The Role of Entrepreneurship in Economic Growth - digitalcommons.iwu.edu