In a free economy with mobile labour and financial resources,new companies are always entering the marketplace.

Question

Quizplus · Accepted Answer

In a free market economy, new companies have the freedom to enter the marketplace and compete with established businesses. Mobile labour and financial resources make it easier for entrepreneurs to start and operate new businesses, which contributes to more competition and innovation in the economy. Therefore, the statement is true.

In a Free Economy with Mobile Labour and Financial Resources,new