Illustrate the advantage and disadvantage of Partnership
Illustrate the advantage and disadvantage of Partnership?
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Advantages: easy to organize; greater specialization; better access to financial resources than proprietorships.
Disadvantages: some of the same shortcomings of the proprietorship; possible difficulties in sharing management responsibilities; still limited financial resources; problems if one of the partners leaves; still unlimited liabilities.
What do you mean by spillover. Write short note on it?
Conception of the “Invisible Hand” by Adam Smith relies on mechanisms like those as underpin: (1) William Stanley Jevons’ “sunspot” theory of business cycles. (2) the biological concept of Homeostasis. (3
a) Whether the bond market moves up or down, high-convexity portfolios will for all time outperform low-convexity portfolios of equal duration and yield." Elucidate the argument supporting this statement and the connection to the classical immunization strategy. What
Use the circular flow model to confirm this assertion for a $1 per hour increase in the minimum wage?
Briefly describe the meaning of Modigliani- Miller (M and M) approach?
Which of the given is not true for a firm within perfect competition: w) Profit equivalents total revenue minus total cost. x) Price equivalents average revenue. y) Average revenue is greater than marginal revenue. z) Marginal revenue equivalents the
Explain Government expenditures on goods and services and transfer payments?
Describe briefly Distinction between the term Component cost and Composite cost?
Illustrate a summary of what can cause an increase in demand?
What explains why millions of economic resources tend to get arranged logically and productively rather than haphazard and unproductively?
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