Asked by logan brockway on Jun 10, 2024

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Which of the following does not foster innovation and technological advance?

A) competition in markets
B) freedom of choice and enterprise
C) self-interest and personal rewards
D) fear and avoidance of risk

Technological Advance

(1) An improvement in the quality of existing products, the invention of entirely new products, or the creation of new or better ways of producing or distributing products. (2) Any improvement in the methods by which resources are combined such that the same quantity of inputs can be made to yield a combination of outputs that is preferred to any combination of outputs that was previously possible.

Freedom of Choice

The right of individuals to make decisions for themselves without undue government restriction.

  • Analyze the factors that foster innovation and technological advancement.
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BS
Braham SinghJun 12, 2024
Final Answer :
D
Explanation :
Fear and avoidance of risk often inhibit innovation and technological advance. Taking risks is necessary for exploring new ideas and making breakthroughs, and avoiding risk can lead to complacency and resistance to change. Therefore, this choice does not foster innovation and technological advance.