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Schumpeter (1912) said that the key to the success of a country's economic development is the availability of an adequate number of innovators. However, these
Schumpeter (1912) said that the key to the success of a country's economic development is the availability of an adequate number of innovators. However, these innovators will be able to innovate well if they are supported by a sound financial institution system. Name the types of innovation and explain the process of economic development according to Schumpeter!
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