Practice question · Select all that apply
Which of the following count as Schumpeterian “new combinations”?
Hints
- The list covers products, methods, markets, supply sources and organisation.
- Repeating last year's routine creates no new combination at all.
Show the answer
- A. Opening a previously unserved market
- B. A new production method
- C. A new source of raw-material supply
Why
Schumpeter listed five combinations: product, method, market, supply source, organization. Repeating the routine is exactly what they are not.
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