Entrepreneurship functions better when
A) patent laws are not strongly enforced since they make imitation difficult.
B) government provides technical support to entrepreneurs.
C) a system of private property rights permits entrepreneurs to capture the rewards from their entrepreneurial activities.
D) universities provide research that is closely interrelated with the entrepreneurial activities.

Question

Quizplus · Accepted Answer

Private property rights allow entrepreneurs to benefit directly from their innovations, ideas, and capital investments. This helps to promote innovation, risk-taking, and investment in the long-term. While government support, research from universities and patent laws may also play a role, private property rights are generally viewed as essential to providing the appropriate incentives for entrepreneurship to flourish.

Entrepreneurship Functions Better When