An economy in which entrepreneurs are free to experiment with new ideas and bring innovative products to the market will:

Question

Quizplus · Accepted Answer

When entrepreneurs are free to experiment and create new ideas, it leads to increased innovation and improved products that can lead to increased economic growth. This also results in increased competition, driving down prices and increasing access to goods for consumers, which improves living standards. Therefore, both economic growth and improved living standards are a likely outcome of a free-market economy.

An Economy in Which Entrepreneurs Are Free to Experiment with New