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The Key to Successful Technological Investment Is _______ Potential, Not

question 11

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The key to successful technological investment is _______ potential, not technological sophistication form its own sake. For example, although the Concorde was technologically sophisticated, management knew before its launch that it wasn't commercially viable.


Definitions:

National Saving

The total amount saved by a nation's households and businesses, plus government budget surplus, which can be used for investment.

Open-Economy Macroeconomic Model

A model that analyzes an economy that engages in international trade, considering the impact of exports, imports, and capital flows.

Tariffs

Tariffs are taxes imposed by a government on imported goods and services to protect domestic industries, raise revenue, or influence trade balance.

Net Exports

The value of a country's exports minus the value of its imports, a key component in calculating a nation's GDP.

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