Entrepreneurs create new products and new production methods,which are sources of technological progress.

Question

Quizplus · Accepted Answer

Entrepreneurs are known for their capacity to innovate and create new ideas, products, and services that can lead to technological progress. They often challenge the status quo and bring disruptive ideas to existing industries, leading to new ways of doing things and improving productivity. Therefore, it is true that entrepreneurs are sources of technological progress.

Entrepreneurs Create New Products and New Production Methods,which Are Sources