A competitive market economy with low barriers to entry affords an entrepreneur with

a. an environment that shields each currently successful producer from changing market conditions.
b. the opportunity to bring new and different products and services to the market.
c. little opportunity for wealth creation.
d. a static business environment.

B

Economics

You might also like to view...

The demand for food is price-inelastic.

Answer the following statement true (T) or false (F)

Economics

Which of the following is the appropriate fiscal policy during a recession?

A. A budget surplus B. A budget deficit C. A balanced budget D. No change to the budget

Economics