Question

Which of the following are aspects of a market economy that allow entrepreneurs to prosper?

Answer 1

A. Externalities. This is a necessary ingredient to expanding entrepreneur presence away from the locality into further regions and establishing a global presence. Revenue flows into the exporting communities and results into the improved economy and social welfare of the people. By establishing external channels of trade at regional and international levels there is a promotion of transportation and overall infrastructure. This in real sense strengthens the economy. There is a presence of foreign exchange and creation of more jobs due to external entrepreneurship.