Entrepreneurship functions better when A. the government directly enters into decisions where research and development activities should be directed and who should be involved in research and development activity. B. a system of private property rights permits entrepreneurs to capture the rewards from their entrepreneurial activities. C. government provides strict oversight to entrepreneurs. D. patent laws are not strongly enforced since they make imitation difficult.

Question

Alden

Business

31 July, 07:20

Entrepreneurship functions better when A. the government directly enters into decisions where research and development activities should be directed and who should be involved in research and development activity. B. a system of private property rights permits entrepreneurs to capture the rewards from their entrepreneurial activities. C. government provides strict oversight to entrepreneurs. D. patent laws are not strongly enforced since they make imitation difficult.

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London Mcguire · Answer 1

Option B=> a system of private property rights permits entrepreneurs to capture the rewards from their entrepreneurial activities.

Explanation:

The term "Entrepreneurship" can simply be defined as the act of running a business as the owner and as the owner you take a lot of risk. Everybody can be an entrepreneur but to be sincere Entrepreneurship is not for all or everyone. It is only for a few who are willing to take risks.

Entrepreneurship can be a Small Business Entrepreneurship, Large Company Entrepreneurship, Social Entrepreneurship and/or scalable Startup Entrepreneurship.

Entrepreneurship will function so well if we are to consider option B, that is "a system of private property rights permits entrepreneurs to capture the rewards from their entrepreneurial activities".