Final answer:
To make quality improvement projects economically advantageous, invest in technology and human capital, provide market-oriented incentives, and work on reducing costs and inefficiencies.
Step-by-step explanation:
For quality improvement projects to be economically advantageous, it is important to invest in technology, human capital, and physical capital. This means utilizing advanced tools and systems, training and developing employees, and improving infrastructure and equipment.
Furthermore, providing incentives within a market-oriented economic context can encourage businesses to strive for quality improvement. This can include rewards, recognition, and performance-based compensation.
Lastly, it is crucial to work towards reducing costs and inefficiencies to maximize economic benefits. This can be achieved through process optimization, waste reduction, and continuous improvement initiatives.