In _____ economies, businesses are normally created out of necessity and so these countries tend to have very high entrepreneurial activity rates relative to other types of economies.
A) inertia-driven
B) factor-driven
C) innovation-driven
D) efficiency-driven
E) quality-driven

Question

Quizplus · Accepted Answer

Factor-driven economies are characterized by businesses that are often created out of necessity, leading to high rates of entrepreneurial activity. These economies typically rely on unskilled labor and the extraction of natural resources.

In _____ Economies, Businesses Are Normally Created Out of Necessity