-Which economic system is most likely to have a high level of entrepreneurship? Command/Traditional/Market

1 answer

A market economic system is most likely to have a high level of entrepreneurship. In a market economy, individuals have the freedom to create and operate their own businesses, driven by profit motives and competition. This environment encourages innovation, risk-taking, and the development of new products and services. In contrast, command economies, where the government makes all economic decisions, and traditional economies, which rely on established customs and practices, tend to stifle entrepreneurial activities.