A. He wrongly asserts that capitalism is crumbling and socialism is likely to replace it
B. His theory is defective in so far as it tries to present the spirit of enterprise as a phenomenon common to all social organisations
C. His assumption that all innovations are financed by borrowings is not correct because banks generally provide only short-term loans
D. None of the above
Correct Answer: None of the above ✔
Last Updated: June 18, 2022