Knowee
Questions
Features
Study Tools

Which of the following can help explain the technology gap that exists between some countries?Group of answer choicespoorly established property rightspolitical instabilitythe relative absence of entrepreneursall of the abovenone of the above

Question

Which of the following can help explain the technology gap that exists between some countries?Group of answer choicespoorly established property rightspolitical instabilitythe relative absence of entrepreneursall of the abovenone of the above

🧐 Not the exact question you are looking for?Go ask a question

Solution

All of the above can help explain the technology gap that exists between some countries.

  1. Poorly established property rights: If property rights are not well established or protected in a country, it can discourage innovation and technological advancement. This is because individuals and businesses may be less likely to invest in new technologies if they fear their intellectual property will not be protected.

  2. Political instability: Political instability can also hinder technological progress. In unstable political environments, businesses may be reluctant to invest in new technologies due to the uncertainty and risk. Additionally, political instability can lead to issues such as corruption, which can further inhibit technological development.

  3. The relative absence of entrepreneurs: Entrepreneurs often play a key role in driving technological innovation. Therefore, a lack of entrepreneurs can result in a slower pace of technological advancement.

So, the technology gap between countries can be explained by a combination of these factors.

This problem has been solved

Similar Questions

The lack of technology in developing countries due to energy or other issues is most closely associated with the term –Group of answer choicesHuman Development Index.literacy rate.Gross Domestic Product.technology gap.

( 1 ) ______relations between the two countries have not been very satisfactory recently.1 pointA) AbnormalB ) EconomicC)MnontoneD)CriminalE ) Economical

Which of the following is the best example of a benefit of the rise of globalism?Aincreased economic interdependence between nationsBdecrease in national sovereigntyCunequal distribution of economic powerDincrease in technological innovations

Which one of the following would you not cite as an important reason for the increased interconnectedness of countries?

What are some of the common challenges faced by entrepreneurs in the chosen country? Question 1Answer a. access to international markets b. poor quality infrastructure c. lack of government subsidies d. low levels of demand

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.