Lower costs to allow for more money for research and development is an example of how which type of entity benefits the economy?
stock market
oligopoly
monopoly
bank
1 answer
The correct answer is bank. By lowering costs, a bank can allocate more funds towards research and development activities, leading to innovation and advancements in various industries. Ultimately, this benefits the economy as it promotes growth, productivity, and competitiveness.
5 answers