Which one of the following has been wrongly listed as a defect of Schumpeter’s theory?

Question

Which one of the following has been wrongly listed as a defect of Schumpeter&#8217;s theory?

Xaibi Aslam · Accepted Answer

None of the above

Xaibi Aslam · Answer

He wrongly asserts that capitalism is crumbling and socialism is likely to replace it

Xaibi Aslam · Answer

His theory is defective in so far as it tries to present the spirit of enterprise as a phenomenon common to all social organisations

Xaibi Aslam · Answer

His assumption that all innovations are financed by borrowings is not correct because banks generally provide only short-term loans

Question #53707