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14. We know that economic development is a function of its engines of growth, innovation and entrepreneurship. Those, on their turn, require: a. a strong
14. We know that economic development is a function of its engines of growth, innovation and entrepreneurship. Those, on their turn, require:
a. | a strong command economy to make sure innovation occurs and that it gears development |
b. | society's collective ownership of means of production, to guarantee continuity of investments required by entrepreneurship |
c. | efficient regulation mechanisms to ensure innovation and entrepreneurship are developmental |
d. | market economy and strong property rights |
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