Which of these countries is likely to have the highest level of entrepreneurship?

Question

A.
a country that heavily restricts trade

B.
a country that has few natural resources

C.
a country with a pure market economy

D.
a country with a pure command economy

Answer 1

C. a country with a pure market economy

A pure market economy typically encourages entrepreneurship due to minimal government intervention, allowing individuals to start and grow businesses more freely. In contrast, countries that heavily restrict trade or have a command economy often impose limitations that can stifle entrepreneurial activity. Even in countries with few natural resources, as long as there is a supportive economic environment, entrepreneurship can still thrive.