The market system's answer to the fundamental question "How will the system promote progress?" is essentially
A)"Through government-funded research programs."
B)"Through redistribution of income to promote greater equality."
C)"Through training and retraining programs."
D)"Through the profit potential that encourages development of new technology."

Question

Quizplus · Accepted Answer

The market system promotes progress primarily through the profit motive. The potential for profit incentivizes individuals and companies to develop new technologies, products, and services, driving innovation and economic growth.

The Market System's Answer to the Fundamental Question "How Will