Briefly state the pros and cons of Proprietorship
Briefly state the pros and cons of Proprietorship?
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Easy to start and provides maximum freedom for the proprietor to do what she/he thinks best.
Limited financial resources; the owner must be a Jack-or-Jill-of-all-trades; unlimited liability.
Explain the law of supply. Why does the supply curve slope upward?
Describe North American Free Trade Agreement (NAFTA)?
Briefly explain how the competitive market economy will make the needed adjustments to reestablish an efficient allocation of society’s scarce resources?
Describe briefly Distinction between the term Component cost and Composite cost?
Economic scarcity is pervasive, that makes choices essential. Therefore, rationally optimal decisions hinge upon tradeoffs which essentially reflect: (i) cooperation to minimize human greed. (ii) opportunity costs. (iii) competitive social behavior. (
Elucidate reallocation of Government resources?
I have a problem in economics on Exchange and Specialization. Please help me in getting the right answer from the following question. Sarah the wheat farmer would be most probable to trade for fruit from the Kathy's orchard if: (i) Sarah's opportunity
Explain the statements: The market system not only accepts self-interest as a fact of human existence.
What are the major provisions of GATT
Explain how Entrepreneurs are risk-takers?
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