Innovation lagged in the centrally planned economies because
A)there was too much domestic business competition.
B)there was too much competition from foreign firms.
C)enterprises resisted innovation in fear that their production targets would be raised.
D)exports had to equal imports for the plan to work.

Question

Quizplus · Accepted Answer

In centrally planned economies, enterprises often resisted innovation because they feared that their production targets would be raised if they became more efficient. This created a disincentive for seeking out and implementing new technologies or processes that could improve productivity.

Innovation Lagged in the Centrally Planned Economies Because