Innovations, which result in people continually looking for ways to excel, earn more money, and live better, occur due to
A) the rapid development in the IT sector
B) competition
C) government regulation
D) greedy people
E) China's entry into the World Trade Organization

Question

Quizplus · Accepted Answer

Competition is a driving force for innovation as it creates a need for businesses to improve their products, services, and processes to stay ahead of their competitors. This leads to advancements in technology, increased efficiency, and better products, ultimately benefiting consumers and society as a whole. The other options are not necessarily primary drivers of innovation.

Innovations, Which Result in People Continually Looking for Ways to Excel