In Studying Failure Around the World, the Global Entrepreneurship Monitor

question 86

Multiple Choice

In studying failure around the world, the Global Entrepreneurship Monitor report recognized three economies.Which one of the following represents an economy focused on unskilled labor and natural resources?

• A)efficiency-driven
• B)factor-driven
• C)people-driven
• D)innovation-driven

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Definitions:

Political Precedent

A decision made in politics that sets an example or standard for future actions or decisions.

Representative Assembly

A legislative body composed of members elected or appointed to act on behalf of a larger group or constituency in making laws and policies.

Jamestown Colonists

The first permanent English settlers in North America, who founded Jamestown, Virginia, in 1607.

Articles of Confederation

The first written constitution of the United States, in effect from 1781 to 1789, before being replaced by the current U.S. Constitution.