function-entrepreneurs-pattern-production-invention-generally-untried

The function of entrepreneurs is to reform or revolutionize the pattern of production by exploiting an invention or, more generally, an untried technological possibility for producing a new commodity or producing an old one in a new way, by opening up a new source of supply of materials or a new outlet for products, by reorganizing an industry and so on.

0/5 (0)

Joseph A. Schumpeter's Popular Quotes

0 Comments

Login to join the discussion