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What is the primary focus of Schumpeter's theory of innovation in explaining business cycles?a)Monetary factors causing fluctuations.b)Government policies influencing economic activities.c)Changes in consumer preferences.d)Innovations in industrial and commercial organization.Correct answer is option 'D'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the primary focus of Schumpeter's theory of innovation in explaining business cycles?a)Monetary factors causing fluctuations.b)Government policies influencing economic activities.c)Changes in consumer preferences.d)Innovations in industrial and commercial organization.Correct answer is option 'D'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the primary focus of Schumpeter's theory of innovation in explaining business cycles?a)Monetary factors causing fluctuations.b)Government policies influencing economic activities.c)Changes in consumer preferences.d)Innovations in industrial and commercial organization.Correct answer is option 'D'. Can you explain this answer?.

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