According to the process of creative destruction, at first the entrepreneur will be able to sell her product for
a. a low price because it is not well known.
b. a high price because there is no competition.
c. a fair price because these are contestable markets.
d. at a price of zero until the market is created.
b
Economics
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In the United States, globalization has caused the demand for unskilled labor to ________ and the demand for skilled labor to ________
A) decrease; increase B) decrease; decrease C) increase; increase D) increase; decrease
Economics
The functioning of a market economy is very dependent upon investment for provision of capital and future growth. Describe the process of investment and employment of the created capital in production.
What will be an ideal response?
Economics