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Entrepreneurs drive innovation in a free-market system by introducing what?
Wiki User
∙ 9y ago
Entrepreneurs drive innovation in a free-market system by introducing competition into the marketplace. They drive economic resources that has a positive impact on economic growth and development.
Entrepreneurs drive innovation in a free-market system by introducing new creative ideas that others consider to be risky. Most of the ideas end up generating some good income.
Wiki User
∙ 9y ago
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Entrepreneurs drive innovation in a free-market system by introducing .?
Entrepreneurs drive innovation in a free-market system by introducing competition into the marketplace. They drive economic resources that has a positive impact on economic growth and development.Entrepreneurs drive innovation in a free-market system by introducing new creative ideas that others consider to be risky. Most of the ideas end up generating some good income.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
Which of the following is the primary incentive in a free-enterprise system?
innovation
How does the free-enterprise system discourage entrepreneurs who waste resources?
they can't make a profit
Which innovation did the US bring to the world's economic system?
the corporate model of ownership
Entrepreneurs drive innovation in a free-market system by introducing .?
Entrepreneurs drive innovation in a free-market system by introducing competition into the marketplace. They drive economic resources that has a positive impact on economic growth and development.Entrepreneurs drive innovation in a free-market system by introducing new creative ideas that others consider to be risky. Most of the ideas end up generating some good income.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
In a freemarket system producers are motivated to reduce costs and increase revenues because of which of the following?
Profit Motive
In a freemarket system consumers let producers know what they want to buy and how much theyre willing to pay through what?
Their purchases.
What is Global Innovation system?
A Global Innovation System tries to build ranks for countries based on their innovations. The system is used to look at the business outcomes that resulted from innovation and the government's ability to encourage innovation from the public.
When was Review of the National Innovation System created?
Review of the National Innovation System was created in 2008.
What is global innovation?
A Global Innovation System tries to build ranks for countries based on their innovations. The system is used to look at the business outcomes that resulted from innovation and the government's ability to encourage innovation from the public.
An innovation in China's educational system is the?
Television University
Which of the following is the primary incentive in a free-enterprise system?
innovation
What is an otg system?
An OTG system refers to a group of European entrepreneurs that engages in Nu Skin Enterprises (NSE).
How does the free-enterprise system discourage entrepreneurs who waste resources?
they can't make a profit
What was the most important innovation in the Arabic number system?
the number zero
