Which of the Following Best Explains the Growth of Family

question 26

Multiple Choice

Which of the following best explains the growth of family conglomerates in emerging markets?

• A) declining importance of entrepreneurship
• B) high rate of innovation
• C) highly competitive markets
• D) government protection

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Definitions:

Embargo Act

Historical legislation aimed at prohibiting trade between a specific country and others, often used as a tool of foreign policy.

American Merchant

A term referring to individuals or businesses engaged in the trade or commerce of goods, services, or commodities in the United States.

Textile Mill

A factory for the production of fabrics, where raw fibers like cotton and wool are spun, woven, and dyed.

Francis Cabot Lowell

An American industrialist who was instrumental in bringing the Industrial Revolution to the United States, particularly through his development of a vertically integrated textile factory system.