Define the Legal forms of businesses
Define the Legal forms of businesses?
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a. Sole proprietorship: a business owned by a single individual.
b. Partnership: two or more individuals own and operate the business in a partnership agreement.
c. Corporation: a legal entity distinct from its individual owners. The organization acts as “legal person.”
Elucidate reallocation of resources?
Describe Quasi-public goods?
Describe the Promoting stability?
Explain the statement: “Facts serve to sort out good and bad hypotheses.”?
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