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One of the reasons Joseph SchumPeter argued that capital was doomed was because he predicted that big corporations would naturally shift away from risk taking entrenuership in favor of low risk managerial strategies. Has this happened? Have major corporations been unwilling to adapt to the times and meet competition head on? Are corporate executives better described as risk averse managers then entrepreneurs willing to take a chance?

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9892944

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