Innovations do not remain isolated events, and are not evenly distributed in time, but . . .

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“Innovations do not remain isolated events, and are not evenly distributed in time, but . . . on the contrary they tend to cluster, to come about in bunches, simply because some, and then most, firms follow in the wake of successful innovation.” Who made this statement?

a) Frank Knight

b) Joseph Schumpeter

c) Karl Marx

d) John Maynard Keynes

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Microeconomics

ISBN: 9780077641542

11th Edition

Authors: Stephen Slavin

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