In a market economy, what must an entrepreneur do in order to introduce a new innovative product?

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In a market economy, what must an entrepreneur do in order to introduce a new innovative product? What determines whether the new product will be a success or failure? How important is innovation as a source of economic growth? Discuss.

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Macroeconomics Private And Public Choice

ISBN: 9780357134009

17th Edition

Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

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Question Posted: Oct 06, 2023 01:42 PM

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In a market economy, what must an entrepreneur do in order to introduce a new innovative product?

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In a market economy entrepreneurs play a vital role in introducing new innovative products Heres what an entrepreneur must typically do to bring a new innovative product to market and factors that det...View the full answer

Macroeconomics Private And Public Choice

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