Which of the following statements pertaining to innovation and entrepreneurship is true?
A) They are the engines of growth.
B) They require strong legal systems.
C) They require state ownership of means of production.
D) They require a mixed economy.

Question

Quizplus · Accepted Answer

The lack of economic freedom and incentives for innovation occurred in many mixed economies in those sectors where the state had a monopoly. This stagnation provided the impetus for the widespread privatization of state-owned enterprises that was witnessed in many mixed economies during the mid-1980s and is still going on today.

Which of the Following Statements Pertaining to Innovation and Entrepreneurship