Business cycles are almost exclusively the result of innovations in the industrial and commercial organizations. Explain this

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“Business cycles are almost exclusively the result of innovations in the industrial and commercial organizations”. Explain this statement with the help of Schumpeter’s theory of trade cycles. Does this theory fully explain the business cycle?

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Macroeconomics Theory And Policy

ISBN: 9780070091450

3rd Edition

Authors: D.N. Dwivedi

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Question Posted: Nov 08, 2024 06:00 AM

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Business cycles are almost exclusively the result of innovations in the industrial and commercial organizations. Explain this

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Macroeconomics Theory And Policy

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