Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago.The fact that such items were not put to productive use was caused primarily by a lack of ____.
A)financial capital
B)entrepreneurship
C)an adequate price system
D)marginal analysis

Question

Inventions like gunpowder and the wheelbarrow were created by the Chinese hundreds of years ago.The fact that such items were not put to productive use was caused primarily by a lack of ____.
A)financial capital 
B)entrepreneurship 
C)an adequate price system 
D)marginal analysis

Quizplus · Accepted Answer

The lack of entrepreneurship refers to the absence of individuals who could recognize the potential of these inventions and bring them to market or use them for productive purposes. Without entrepreneurial spirit and action, inventions alone do not necessarily lead to economic growth or progress. Financial capital, an adequate price system, and marginal analysis are important factors for economic development, but they may not be as crucial as entrepreneurship for the initial adoption and diffusion of new technologies.

Inventions Like Gunpowder and the Wheelbarrow Were Created by the Chinese