Problemas
How does the free enterprise system drive technologica Iinnovation in the cell phone industry? regularly update their products in order to remain competitive in the industry. (8) Businessas are free to menufacture products without being regulated by the government. (C) Businesses are encouraged to enter the market because there are few barriers to entry. (8) Manufactures implement antivins software to stay compliant with industry standards.
Roztwór
Diego
maestro · Tutor durante 5 años
4.1
(302 Votos)
Respuesta
The free enterprise system drives technological innovation in the cell phone industry by encouraging competition among businesses, allowing businesses to manufacture products without heavy government regulation, encouraging businesses to enter the market due to low barriers to entry, and requiring businesses to implement antivirus software to meet industry standards.
Explicación
## Step 1The free enterprise system, also known as capitalism, is an economic system where private companies and individuals are free to operate their businesses with minimal government intervention. This system encourages competition among businesses, which in turn drives innovation.## Step 2In the context of the cell phone industry, this competition is particularly evident. Companies are constantly striving to outdo each other by introducing new and improved products. This is done to attract more customers and increase their market share.## Step 3The free enterprise system also allows businesses to manufacture products without being heavily regulated by the government. This means that companies can experiment with new technologies and designs without being hindered by strict regulations.## Step 4Furthermore, the free enterprise system encourages businesses to enter the market because there are few barriers to entry. This means that new companies can easily enter the market and compete with established companies.## Step 5Finally, businesses implement antivirus software to stay compliant with industry standards. This is a way for companies to ensure that their products meet the necessary safety and security standards.