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Which one of the following has been wrongly listed as a defect of Schumpeter's theory?

[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

Answer: Option D