ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Entrepreneurship
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Freedom of choice
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Banks
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Government
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Detailed explanation-1: -Consumer spending is the major driving force for the economy. Whenever you buy something or use a service, you create demand that eventually leads to job growth in particular occupations.
Detailed explanation-2: -Entrepreneurs are the driving force of the free enterprise system because they organize and manage the three other factors of production, land, labor, and capital, and act as both the spark plug and the catalyst of the free enterprise economy.
Detailed explanation-3: -Chapter 2 offers a model describing three driving forces that must be in balance during the startup process: the entrepreneur, the opportunity, and resources.
Detailed explanation-4: -What is a driving force in the US economy? Entrepreneurship.