In studying failure around the world, the Global Entrepreneurship Monitor report recognized three economies.Which one of the following represents an economy focused on unskilled labor and natural resources?
A)efficiency-driven
B)factor-driven
C)people-driven
D)innovation-driven

Question

Quizplus · Accepted Answer

The economy focused on unskilled labor and natural resources is known as a factor-driven economy. This type of economy relies on low-skilled labor and extraction and exportation of natural resources as the primary driver of economic growth.

In Studying Failure Around the World, the Global Entrepreneurship Monitor