Microcredit Lending Is an Example of _____ Innovation

question 79

Multiple Choice

Microcredit lending is an example of _____ innovation.

• A) reverse
• B) social business
• C) disruptive
• D) environmental
• E) green

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Definitions:

Market Level

A term denoting the scope or extent of a given market, which can range from local to global, affecting strategies and operations of businesses within.

Externality

A consequence of an economic activity experienced by unrelated third parties; can be positive or negative, affecting others not involved in the transaction.

Activity or Transaction

An economic event that involves a transfer or exchange of goods, services, or money between parties.

Environmental Economics

A subfield of economics dealing with the relationship between the economy and the environment, focusing on environmental policies and economic consequences.