Facilitators of Trade (Such as Pierre Omidyar, the Developer of EBay)

question 140

Multiple Choice

Facilitators of trade (such as Pierre Omidyar, the developer of eBay) :

• A) may become very rich since they are creating value for many individuals.
• B) find it very hard to profit from their services since they are not directly involved in the trades.
• C) typically only profit from their services if they are able to obtain government patent rights.
• D) are usually seen as taking advantage of consumers.

---

Definitions:

Innovation

The process of creating and implementing new ideas, products, or methods to improve and solve problems.

Social Inventions

Innovations that relate to social practices, organization, and norms, often addressing societal needs.

Physical Definition

A specific explanation or description of an object, phenomenon, or concept based on its physical characteristics and properties.

Socially Unstructured

Describes situations or environments without predefined rules or norms, allowing for more spontaneous and organic interactions.