When Considering Innovations and Entrepreneurship, It Can Be Said That

question 25

Multiple Choice

When considering innovations and entrepreneurship, it can be said that

• A) a command economy creates greater incentives for innovation and entrepreneurship than a market economy.
• B) if a country's economy is to sustain long-run economic growth, the business environment must restrict entrepreneurial activity.
• C) a high level of entrepreneurial activity leads to a low level of innovation.
• D) innovations in production and business processes lead to an increase in the productivity of labor and capital.
• E) strong legal protection of property rights creates an unfavorable environment for innovation and entrepreneurship.

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Definitions:

Constitutional Democracy

A system of government where laws and policies are made within the framework of a constitution, and the power is exercised directly or indirectly through elected representatives.

Grassroots Activities

Grassroots Activities refer to actions and initiatives taken by local, ordinary people rather than those led by political or commercial organizations, often aiming at social or political change.

Environmental Leadership

The practice of influencing and guiding individuals and organizations to make choices that protect and preserve the natural world.

Radical Individual

An individual who prioritizes personal freedom and independence, often advocating for significant social, political, or economic changes.