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Analysis Quote by Joseph A. Schumpeter

“The strategic stimulus to economic development in Schumpeter's analysis is…” quote by Joseph A. Schumpeter
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“The strategic stimulus to economic development in Schumpeter's analysis is innovation, defined as the commercial or industrial application of something new---a new product, process or method of production, a new market or source of supply, a new form of commercial, business or financial organization.”

Joseph A. Schumpeter

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