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.
consumer's interview method for demand forecasting(point to point explain)
What are the Examples and Applications of International Trade?
Question: Ambrose consumes two goods, peanuts (x1 ) and a composite good (x2). He has a utility functionU = 4 √x1 + x2. This means his MU1 = 2/ √x1 an
Briefly describe the term Cost of debt?
Adam Smith must have emphasized more strongly how his Wealth of Nations drew concepts and inspiration by Richard Cantillon’s Essai. Now today’s perspective that the Wealth of Nations would considered even
Elucidate the changing rates of Appreciation and Depreciation?
What does financial leverage specify? And also states its limitations?
Nature and Scope of Economics: Introduction Economics is a social science that
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
Transaction costs are decreased and economic efficiency is enhanced by: (1) long-term wage and price controls. (2) monopolies which cooperate with central planners. (3) blacklists and yellow dog contracts. (4) bureaucratic tendencies
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