Exam 1: The Rise, Fall and Return of the Entrepreneur

Schumpeter was on an unceasing quest to find out "how the economic system generates the force which incessantly transforms it" (growth and development force). His answer was that the key is:

The proposition "All business owners are not entrepreneurs and all entrepreneurs are not business owners" is discussed in the book. In all likelihood, this implies: (four are correct)

Shane and Venkataraman have worked towards summarizing the essence and unique aspects of entrepreneurship, and have come up with a widely accepted definition of entrepreneurship as:

Certain fundamental features of the Austrian School are how it considers the market economy as:

According to Richard Cantillon, entrepreneurs were not tasked with producing - that was the task of landowners and farmers. Rather, entrepreneurial work consisted of:

Certain fundamental features of the Austrian School are that it considers entrepreneurs as:

The first chapter mentions "the dark side of entrepreneurship." This pertains to the concept that:

Static, in this context, means that something is unchangeable and fixed.