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.
Elucidate the Local expenditures and receipts for all local governmental units in 1996?
Suppose studies show that students who study more hours receive higher grades. Is there any relationship which guarantees that any particular student who studies longer will get higher grades?
Illustrate the Public Sector Government’s Role of providing the legal structure?
Explain the following from Hull, England a news dispatch: “The fish market here slumped today to what local commentators called a ‘disastrous level’—all because of a shortage of potatoes”.
Describe the meaning of the term “invisible hand.”
The utilitarianism of Jeremy Bentham is generally closely akin to the philosophies of: (1) Epicurianism and hedonism. (2) pragmatism and instrumentalism. (3) asceticism and stoicism. (4) dialecticism and materialism. (5) fundamentalism and predestinat
Question: You are given the following data about two firms: FIRM A Quantity 0
Illustrates the inverse relationship between price and quantity?
Problem: Luke likes to consumer CDs (good1) and pizzas (good 2). His preference over both goods is given by the utility function U(x1; x2) = x21
Describe the Functional distribution of income?
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