answersLogoWhite

0


Best Answer

Another early business cycle theorist, Joseph Schumpeter (1883-1950), noted that nothing is constant over the business cycle and nothing ever really returns to its starting place. That is what makes each business cycle unique.

User Avatar

Wiki User

13y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What did Joseph Schumpeter say makes each business cycle unique?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What did Joseph Schumpeter say disturbs equilibrium and creates fluctuations in the business cycle?

Schumpeter concluded that what most people consider "progress" is at the source of the problem. He believed that as entrepreneurs come up with new ways of doing things, this disturbs the equilibrium and creates fluctuations.


What has the author Joseph Santos written?

Joseph Santos has written: 'The origins of the seasonal cycle in 19th century US money markets and the evolution of futures contracts' -- subject(s): Business cycles, Futures, History


What are the components of business cycle?

The components of the business cycle is Prosperity, Recession, and depression.


What is the role of needs in business cycle?

explain the role of needs in the business cycle


Business cycle of the Philippines since 1946 to 2008?

what is definition of business cycle in the phillipines


What is the usual length of a business cycle?

mostly it varies but one usual length of business cycle is recession,fiscal recovery,growth and decline.when business go through all these its business cycle complete


In business cycle what is a boom?

business is good


A In a business cycle what is a boom?

business is good


What is another term for expansion in the business cycle?

Recovery is another term for expansion in the business cycle.


What is a trough period of business cycle?

The lowest point in a business cycle, the point at which the economy begins to rebound.


What is the stage in a business cycle when real GDP stops falling?

When the GDP stops falling, the business cycle is a trough.


What causes business cycle in South Africa?

There are many causes for the business cycle in south Africa. One of the causes for this business cycle is the need for income.