Creative Applications of Technology Can Benefit Society,but Rarely Give Firms

question 185

True/False

Creative applications of technology can benefit society,but rarely give firms a definite competitive edge since other firms can simply copy the technology.

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Definitions:

Open Market

A freely competitive market where any buyer or seller can participate without restrictions.

Savings Accounts

Financial accounts at banks or other financial institutions that pay interest on deposits, allowing individuals to save money over time.

Maturity Dates

The specific dates on which financial instruments such as bonds or loans are due to be fully paid off.

Money Supply

The total quantity of currency and other liquid instruments circulating in an economy at a particular time.