Many Economists View Technological Advance as Mainly a Response to Profit

question 249

True/False

Many economists view technological advance as mainly a response to profit opportunities arising within a capitalist economy, and not some random external force.

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Definitions:

Channel Conflict

A situation in marketing where conflicts arise between different distribution channels for the same product, potentially harming the brand or sales.

Rapid Delivery

The process of quickly transporting goods from the seller to the buyer, often emphasized in e-commerce to enhance customer satisfaction.

Partnering Relationship

An alliance or collaboration formed between businesses to leverage mutual strengths for achieving shared objectives, enhancing competitiveness.

Shared Mission Statement

A formal summary of the aims and values of a company, organization, or group, which is supported and pursued by all its members.