Chapter 2 Delves into the Notion of Two Types of Economies

Multiple Choice

Chapter 2 delves into the notion of two types of economies with various perks and benefits - a managerial economy and an entrepreneurial economy. Which of the following terms are typically associated with an entrepreneurial economy?

A) Centralization
B) Decentralization
C) Dynamism
D) Predictability
E) Improvisation
F) Control
G) Networking
H) Experimentation
I) Planning
J) Large scale
K) Stability
L) Standardization
M) Variation
N) Innovation