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Innovation is severely hampered in a PLANNED ECONOMY, such as Communist State might have, because individual business owners and product developers are not given the permission to produce as they see fit.
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Which innovation did the US bring to the world's economic system?
the corporate model of ownership
What economic system allows competition?
The Free Market system is designed for competition.
Entrepreneurs drive innovation in a free-market system by introducing what?
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.
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.
Which system allows individuals the least amount of economic freedom?
capitalism
Which innovation did the US bring to the world's economic system?
the corporate model of ownership
What economic system allows competition?
The Free Market system is designed for competition.
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.
Entrepreneurs drive innovation in a free-market system by introducing what?
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 economic system allows business owners decide what to sell and at what price?
The open economic system is the one that allows business owners decide what to sell and at what price. This is usually quite unfair for the consumers.
An economic system that allows buyers and sellers to act in their own interest is this type of system?
market
Which system allows individuals the least amount of economic freedom?
capitalism
What is an economic system which allows individuals to own and operate private businesses?
Capitalism
What is the type economic system that barbados have?
Barbados has a capitalist society. The economy has been strong enough to allow independent economic achievements, business rights, ownership of personal property, and business freedoms.
What country has a system of rule that does not let people choose their government but has an economic system that allows for outside investment?
China .
What countries has a system of rule that does not let people choose their government but has an economic system that allows for outside investment?
China .
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.
