Innovations That Come About Through Inventive Activity Designed Specifically to Reduce

question 146

Multiple Choice

Innovations that come about through inventive activity designed specifically to reduce costs is known as:

• A) endogenous growth.
• B) creative destruction.
• C) induced innovation.
• D) virtuous circle.

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Definitions:

Early Colony

A territory under the immediate complete political control of a state, distinct from the home territory of the sovereign, established during the early stages of expansion or colonization.

South Carolina

A state located in the southeastern region of the United States, known for its coastal cities, historical significance, and cultural heritage.

African-American Cultures

The rich and diverse cultural traditions and practices developed by African Americans, influenced by various historical, social, and political contexts.