The most effective incentive for the creation of new ideas or technology is:
A) profit-seeking.
B) government grants.
C) educational grants.
D) foreign aid.

Question

Quizplus · Accepted Answer

The desire for profit and financial gain is the most effective incentive for the creation of new ideas or technology because it motivates individuals and businesses to invest time, money, and resources into research and development. Profit can also serve as a measure of success and encourages competition, which can lead to further innovation. While government and educational grants and foreign aid can provide funding for research, they may not always be as high of a priority for individuals or businesses as the potential for profit.

The Most Effective Incentive for the Creation of New Ideas