Quote by Joseph Schumpeter

Entrepreneurial profit is the expression of the value of what the entrepreneur contributes to production.

Entrepreneurial profit is the expression of the value of wha

Summary

This quote suggests that the profit earned by an entrepreneur is a result of the value they add to the production process. It implies that entrepreneurs are responsible for bringing unique ideas, skills, and resources to the table, which enables them to create and capture value in the form of profit. The quote highlights the importance of entrepreneurship in driving innovation and economic growth, emphasizing that the profit earned by entrepreneurs mirrors the value they bring to the overall production system.

Topics

Business

By Joseph Schumpeter

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