Developing countries need imitative entrepreneurs rather than innovative entrepreneurs”. analyze and Substantiate your answer with reasons...

Developing countries need imitative entrepreneurs rather than innovative entrepreneurs”. analyze and Substantiate your answer with reasons and examples.

Expert Solution

The imitative entrepreneur imitates the innovations of others by reverse engineering or with it's own innovations in its technology; while an innovating entrepreneur introduces inaugurates new production method for the new product. In my opinion the developing countries need imitative entrepreneurs instead of the innovative entrepreneurs. The main reasons are:

-- The innovator has to bear high cost compared to the imitative entrepreneurs.

-- An innovator can take challenge however the developing countries cannot allow the public in the face of the Black hole thus needs an imitator.

-- An innovator requires the modern technology; while developing countries are not in a position to use digital technology therefore imitative entrepreneurs are more suitable.

-- Discovery of market is not easy in the developing countries thus imitator is preferred. In developed countries it is easy to spread the market of product thus they need an innovator

-- Due to the shortage of funds there are less opportunities in the developing countries for what the individuals do not come forward to become innovator, thus imitative entrepreneurs are more suitable

Rahul Sunny answered 1 year ago

Analyze the statement and provide examples to support your answer. Entrepreneurs are born, not made

In developing countries, the practice of microfinance (banks and NGOs offering small loans to entrepreneurs) has...

In developing countries, the practice of microfinance (banks and NGOs offering small loans to entrepreneurs) has become a popular poverty alleviation strategy. As in all credit markets, there are two issues with the market for microfinance- moral hazard and adverse selection. i. Briefly explain how moral hazard and adverse selection are similar. ii. Explain specifically how adverse selection and moral hazard might affect the market for microfinance. Do they have the potential to cause deadweight loss and make this market...

.Is the customer, always right? Give an example to substantiate your answer.

1. Total fertility rates are typically _______ in developing countries than in developed countries, and life...

1. Total fertility rates are typically _______ in developing countries than in developed countries, and life expectancy is on average ______ in developing countries than in developed countries. Group of answer choices a. lower, lower b. higher, higher c. higher, lower d. lower, higher 2. The total human population has grown _______ the last 100 years Group of answer choices a. at a steady rate b. above earth’s carrying capacity c. exponentially d. logistically e. slowly 3. Intact freshwater wetlands...

Why might it be rational for a developing country to choose protectionism rather than specialize in...

Why might it be rational for a developing country to choose protectionism rather than specialize in its area of comparative advantage? Why do developing countries argue that they are hurt by stringent protection of intellectual property? Why do developed countries argue that provisions for intellectual property are an important concern for multilateral trade agreements? Provide an argument as to why increased trade would improve the environment. Then provide one argument as to why increased trade might worsen the environment.

Please explain the reasons for some service exports of developing countries based on the theory of...

Please explain the reasons for some service exports of developing countries based on the theory of comparative advantage.

Identify the main reasons why there is a looming physician shortage rather than a surplus. Then,...

Identify the main reasons why there is a looming physician shortage rather than a surplus. Then, explain how mid-level providers, physician assistants and nurse practitioners, can be utilized to offset the projected physician shortage in the future.

Why do industrialized countries upper hand on developing countries? please answer in paragraph

‏what is the impact of covid - 19 on developed and developing countries? answer it with...

‏what is the impact of covid - 19 on developed and developing countries? answer it with details

Some Economists argue that one of the reasons that economies in developing countries grow so slowly...

Some Economists argue that one of the reasons that economies in developing countries grow so slowly is because they do not have well-developed financial markets. Does this argument make sense? Discuss. Note: Your answers should be detailed with proper references.

Question