If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent production of product and process innovations and to entrepreneurial activity.

True / False.

Question

Business

Catalina Foster

15 August, 17:25

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent production of product and process innovations and to entrepreneurial activity.

True / False.

+1

Answers (1)

Know the Answer?

Kaylah Hartman · Answer 1

True

Explanation:

One of the significant advantages of development is its commitment to monetary development. Basically, advancement can prompt higher profitability. As profitability rises more commodities and are delivered which improves the economic growth. Financial development just originates from expanding quality and amount of the fundamentals of generation, which comprise of four wide types: land, labour, capital, and entrepreneurship. The components of generation are the assets utilised in producing goods and services.

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent production of product and process innovations and to entrepreneurial activity.True / False.

If a country's economy is to sustain long-run economic growth, the business environment must be conducive to the consistent production of product and process innovations and to entrepreneurial activity.

True / False.