The Apply the Concept argues that a key afference between markat economies and centrally planned economes, ie the tummer Soviet Union is that market economies, decons about which investments to make and which technoleges to adopt are made by entrepreneurs and managers with their own money on the the Soviet ayelem, thise dosis were made by saared turnaurats trying to fue a plan formulated in M But in large corporations, investment decisions are often made by salarned managers who do not, in fact, have their own meney on the ine. These managers are spending the money of the fes startedets her hair The investment decisions of salaned managers in the United States tend to be better for the long term growth of the anonomy than were the decisions of and treats in the Soviet Union beca OA US managers are driven by incentives of higher profts, leading them to adopt new technologies OB. Soviet managers farading their jobs if they adopted new technolog OC US, managers face no competition from domestic and foreign tms. OD Sovel bureaucrats concentrated on outing costs as they faced interse competition from home and abroad
