The investment decisions of salaried managers in the United States tend to be better for the long-term growth of the economy than were the decisions of salaried bureaucrats in the Soviet Union because:

Question

Tate Ponce

Business

16 November, 04:53

The investment decisions of salaried managers in the United States tend to be better for the long-term growth of the economy than were the decisions of salaried bureaucrats in the Soviet Union because:

+1

Answers (1)

Know the Answer?

Warren Gill · Answer 1

U. S. managers are driven by incentives of higher profits, leading them to adopt new technologies.

Explanation:

Let us understand the term "economy". It is the status of the country over a period of time. This can be "measured" in terms of "production", the number of buying and selling, the export and import value, etc.

Always U. S Managers focus on long-term growth because they are "driven by incentives" of "higher profits". So they tend to adapt to "new technologies".

"So it is better than the decision made by "salaried bureaucrats" in the Soviet Union".