In the United States, the Financing for Innovation Has Been

question 39

Multiple Choice

In the United States, the financing for innovation has been increasingly supplied by

• A) large oligopolistic enterprises.
• B) independent inventors
• C) newly founded entrepreneurial firms.
• D) small enterprises.

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Definitions:

Special Privileges

Rights or advantages granted to specific individuals or groups, often at the expense or exclusion of others, typically in legal, political, or social contexts.

State Legislatures

The legislative bodies in each of the states within the United States, responsible for making, amending, and repealing state laws.

General Incorporation Law

Legal statutes that facilitate the establishment of corporations by providing standardized procedures and requirements for incorporation.

For-Profit Corporations

Businesses that are established to generate profit for their owners, with revenues exceeding costs.