MPSC PYQEconomics
According to Schumpeter, a. Development is a discontinuous and spontaneous change in the stationary state. b. While growth is a gradual and steady change in the long run which, comes about by a gradual increase in the rate of savings and population. Which of the statement above is/are correct?
A.a only
B.b only
C.a and b
D.None of the above
Correct answer: C