Illustrate the advantage and disadvantage of Partnership
Illustrate the advantage and disadvantage of Partnership?
Expert
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.
Define the term Weak-form market efficiency. Explain briefly.
Illustrate major economic flows that link U.S. with nations. Provide an example to illustrate each flow. Explain the relationship between the top and bottom flows.
Describe how the demand for a good is influenced by the price of its associated goods. Give illustrations.
Question: A country with a fixed or managed exchange rate would consider i.___________________ its currency to gain competitive advantage vis-à-vis its trade
Illustrate Rational Behaviour of Economic Perspective?
As per to the laissez-faire philosophy of government,: (1) economy works best while all investment decisions are centralized. (2) market system works best along with only minimal government intervention. (3) government must be restricted to stabilizin
Illustrate the Optimal or best product-mix and also Law of increasing opportunity costs?
Describe unexpected deflation?
Comment on the following statement from a newspaper article: “Our junior high school serves a splendid hot meal for $1 without costing the taxpayers anything, thanks in part to a government subsidy.”
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
18,76,764
1951713 Asked
3,689
Active Tutors
1451962
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!