Question

Innovators and entrepreneurs flourish most in a _____ because _____. planned economy; any individual who has an innovative idea is free to try to make money out of that idea by starting a business. mixed economy; it provides more incentives for businesses and entrepreneurs to develop innovations than any other economic system. market economy; it grants existing businesses and entrepreneurs the freedom to improve their operations through innovation command economy; established businesses and individual entrepreneurs can reap rewards in the form of high profits owing to innovation.

Answer 1

market economy; it grants existing businesses and entrepreneurs the freedom to improve their operations through innovation

Step-by-step explanation:

Innovators can be defined as group of people or individuals who have the intellectual capability to create, develop and manage new ideas, products etc.

An entrepreneur refers to an individual who is involved in the buying and selling of goods and services usually from scratch or small capacity.

Innovators and entrepreneurs flourish most in a market economy because it grants existing businesses and entrepreneurs the freedom to improve their operations through innovation.

This ultimately implies that, an open market such as a market driven economy creates the enabling environment for business to grow.