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Which of the following is not characteristic of the "dark side" of entrepreneurship?

1) Lack of ethical behavior
2) Exploitation of employees
3) Transparency and accountability
4) Unfair competition

User XavierBrt
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1 Answer

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Final answer:

Unfair competition includes unethical and illegal practices not typically considered the dark side of entrepreneurship, which involves discrimination, diseconomies of scale, and disruptive market changes.

Step-by-step explanation:

Unfair competition is not characteristic of the "dark side" of entrepreneurship, as it collectively encompasses unethical and illegal business practices aimed at gaining an advantage over competitors. In contrast, what is generally known as the dark side of entrepreneurship involves aspects like discrimination, diseconomies of scale, and disruptive market changes. While unfair competition can certainly lead to anti-competitive practices like monopoly and oligopoly, which are detrimental to the market, it is not an inherent characteristic of the dark side of entrepreneurship.

In fact, many top executives would prefer to have less competition, which sometimes aligns with monopolistic behaviors rather than advocating for open and fair competition. Although fierce competition can drive innovation and benefit consumers, it can also reduce a business's profits and may even force it out of business, leading to job loss and decreased income for workers. Therefore, while unfair competition relates to the broader context of market dynamics, it is not the definitive feature of entrepreneurship's dark side, which pertains more closely to the internal challenges and negative behaviors within the entrepreneurial process itself.

User Isanjosgon
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