Faythworks7665 Faythworks7665
  • 13-08-2017
  • Business
contestada

Entrepreneurs drive innovation in a free-market system by introducing ________.

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Аноним Аноним
  • 23-08-2017
Answer: Competition

Explanation:
The entrepreneur takes the risk to introduce new competing technologies that can provide a product or service at lower price. This creates competition, and the customer benefits from being offered lower prices and improved products.

Furthermore, price gauging and monopoly are minimized because competing and improved products drive out inferior products as well as inferior service.

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