Question

“Basically entrepreneurship is a creative activity.” Who said this?

• A. Schumpeter
• B. Peter Drucker
• C. Hoselitz
• D. None of them

Hint:

Schumpeter = Entrepreneurship = Innovation + Creativity.

Answer 1

The Correct Option is A

Step 1: Contribution of Schumpeter.
Joseph Schumpeter defined entrepreneurship as innovation and creativity in business.
Step 2: Meaning of creative activity.
Entrepreneurship is not just about managing resources, but about creating new products, processes, and markets.
Step 3: Option analysis.
- (A) Schumpeter: Correct, he emphasized creativity in entrepreneurship.
- (B) Peter Drucker: Famous for management theory, not this quote.
- (C) Hoselitz: Contributed to entrepreneurial development, but not this statement.
- (D) None of them: Wrong, since Schumpeter gave it.
Step 4: Conclusion.
The statement was given by Joseph Schumpeter.