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How does us government try to encourage innovation in the marketplace?
Wiki User
∙ 6y ago
Innovation in the sense of the drive to improving productivity within the economic can mean two different things.
1. Technological Innovation.
This is encouraged through the tax code, by way of tax breaks, mitigating against
losses through the tax code and off course investing in science and technology.
2. Innovation as in ingenuity in business:
Again the tax system is the single most important instrument.
Viva Schroeder
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