Which Would Tend to Result in a Greater Level of Entrepreneurship

question 2

Short Answer

Which would tend to result in a greater level of entrepreneurship?
a. Fewer numbers of incumbents.
b. Capital-intensive industries.
c. Weak bargaining power of suppliers.
d. Ability to reduce the bargaining power of buyers.
e. Lack of threat to incumbents from substitute products/ and services.

---

Definitions:

Quota

A quota is a statistical measure representing a fixed minimum or maximum number of a particular group of people allowed to do something, such as immigrating to a country, or a limit placed on trade.

Bilateral Trade Agreement

A trade deal between two countries to give each other preferential trade terms, reduced tariffs, and increased access to each other's markets.

Free Trade

The exchange of goods and services between countries without restrictive quotas, tariffs, or other barriers.

Government Intervention

The action taken by government to affect or interfere with decisions made by individuals or groups in the economy to correct market failures and promote welfare.