What are the major legal forms of business organization
What are the major legal forms of business organization?
Expert
The legal forms of business organizations are:
1. Sole proprietorship
2. Partnership
3. Corporation.
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Why private goods are produced through the market?
The first comprehensive work upon economics written within English was authored through Adam Smith in 1776 year and entitled that “An Inquiry within the Nature and Causes of: (1) Laws of Supply and Demand.” (2) Wealth of Nations.” (3
Why possession protection of property rights and private property promotes the market system?
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In Wealth of Nations by Adam Smith, opined that the productivity of labor based primarily on: (w) workers’ education. (x) divisions of labor. (y) technologically advanced machines. (z) suitable wage rates. Q : Explain the shapes of the Specify and explain the shapes of the marginal-benefit and marginal-cost curves and use these curves to determine the optimal allocation of resources to a particular product. If current output is such that marginal cost exceeds marginal benefit, should more or l
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Why Public or social goods not be produced through the market?
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