Faythworks7665 Faythworks7665
  • 13-08-2017
  • Business
contestada

Entrepreneurs drive innovation in a free-market system by introducing ________.

Respuesta :

Аноним Аноним
  • 23-08-2017
Answer: Competition

Explanation:
The entrepreneur takes the risk to introduce new competing technologies that can provide a product or service at lower price. This creates competition, and the customer benefits from being offered lower prices and improved products.

Furthermore, price gauging and monopoly are minimized because competing and improved products drive out inferior products as well as inferior service.

Answer Link

Otras preguntas

In Chapter 4, Gatsby takes Nick to lunch and tells him what three things?
which of the following are solutions to the equation below? check all that apply 4x^2-81=0
6(3c-4)-2(5c-1) PLZZZZ show work
Help me please Factorise:ax + bx - ay - by1: (a-b) (x-y)2: (a+b) (x+y)3: (a+b) (x-y)4: (a-b) (x+y)
9.6 question 1 edhesive I need help
20. Entry to the fair is $10, and then you can purchase tickets for rides/food for $0.25 each. If you spent $20, how many tickets did you purchase? A. 40 ticket
If I want to earn a 95 in English how will I track my progress and know that I'm on the right track
Choose the correct word to complete the sentences to explain the classification of organisms. In the mid-eighteenth century, Carl Linnaeus classified living org
#9 Order of Operations Evaluate the expression below. 4 x {3 x (2 + 1}} + 3 = a. 22 b. 28 C. 39 d. 40
What is the 3rd equivalent fraction to 5 6 ?