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Question
question 5
1 pts
the market systems answer to the fundamental question \how will the system promote progress?\ is essentially
\through redistribution of income to promote greater equality.\
\through government - funded research programs.\
\through training and retraining programs.\
\through the profit potential that encourages development of new technology.\
In a market - based system, the profit motive drives firms to innovate and develop new technologies to gain a competitive edge and increase profits, promoting progress.
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"Through the profit potential that encourages development of new technology."