Many economists view technological advance as mainly a response to profit opportunities arising within a capitalist economy, and not some random external force.
Correct Answer:
Verified
Q32: R&D activities by government and universities have
Q33: Entrepreneurs often form new small firms called
Q34: Most product innovations consist of minor changes
Q35: U.S. business firms channel a majority of
Q36: Innovation pertains to commercialization, while invention pertains
Q38: If an R&D activity is affordable, the
Q39: R&D spending decisions by firms are complicated
Q40: Consumers will buy a new product instead
Q41: Q42:
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents