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Toward a New Conception of the Environment-Competitiveness Relationship," please select an example that demonstrates their conclusion that "the power of innovation in technology to change old assumptions about resource availability and utilization

Accounting Dec 09, 2020

Toward a New Conception of the Environment-Competitiveness Relationship," please select an example that demonstrates their conclusion that "the power of innovation in technology to change old assumptions about resource availability and utilization."

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It is truly said that necessity is the mother of invention. The radio spectrum used in the Canada economy is a good example of this. The radio spectrum is used by the Telecom sector. It is a public good that is available for free. Its supply is limited by comparison to its demand. To use radio spectrum sustainably, the government initiated an auction in which the highest bidder gets the highest consumption. This innovation regulated the price level in the Telecom industry and increased competitiveness. With modern technology and innovation in reliable, affordable, and sustainable development methods, Canada's Telecom industry has changed the old assumptions about resource availability and utilization.

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