State industries are notoriously poor "incubators" for the development of proﬁt-focused, entrepreneurial persons who may leave the ﬁrm to set up their own businesses. This statement is an
Argument in favor of
A) free immigration and emigration.
B) privatizing state industries.
C) central planning.
D) free trade.

Question

Quizplus · Accepted Answer

The statement suggests that state industries do not encourage or foster entrepreneurship, and often do not produce successful individuals who can build profitable businesses. This can be seen as an argument in favor of privatizing state industries to create an environment that fosters innovation and entrepreneurship.

State Industries Are Notoriously Poor "Incubators" for the Development of Proﬁt-Focused