According to the text, what accounts for capitalism's dynamism and innovation?

Question

Quizplus · Accepted Answer

The text states that capitalism's dynamism and innovation are driven by "the competitive drive for profits." While technological change, fulfilling society's needs, the diversity of businesses, and government regulation may also play a role in capitalism's success, the text specifically highlights the motivation of businesses to compete for profits as the driving force behind innovation.

According to the Text, What Accounts for Capitalism's Dynamism and Innovation