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Question : By whom was the autonomous investment separated from induced investment? 

Option 1: Joseph Alois Schumpeter

Option 2: Thomas Robert Malthus

Option 3: Joan Robinson

Option 4: Adam Smith


Team Careers360 19th Jan, 2024
Answer (1)
Team Careers360 23rd Jan, 2024

Correct Answer: Joseph Alois Schumpeter


Solution : The correct answer is Joseph Alois Schumpeter.

Joseph Alois Schumpeter is credited with first distinguishing between autonomous and induced investment. According to him, the driving force behind economic progress is an autonomous investment, which is characterised by a motivation to innovate and create new goods and services rather than being solely driven by profit expectations. According to Joseph Alois Schumpeter, the induced investment may occur only when the autonomous investment has established fresh marketplaces and possibilities. Induced investment is investment conducted in response to increasing demand for products and services.

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