Question

Spurring Innovation in Latin America
by Emma Humphries
Support networks and venture capital funds have created a new business culture
in Latin America. This has resulted in more successful businesses — including
those aimed at Latin America's growing and increasingly Internet-connected
middle class — as well as companies aiming to serve poorer populations. For
example, MercadoLibre, a South American online auction house; PedidosYa, an
online food delivery service; Restorando, an online restaurant reservation
service; and Buscalibre, a Chilean online book retailer, all fit into niches that
cater to Latin America's middle class by providing easier ways to access
services for busy, working consumers.

This passage speaks primarily to which of the following trends in Latin America?

Group of answer choices

globalism

entrepreneurship

foreign investment

innovative education

Answer 1

entrepreneurship

The passage highlights new business creation, support networks and venture capital, and examples of startups serving consumers — all pointing to a rise in entrepreneurial activity.