Briefly state the pros and cons of Corporation
Briefly state the pros and cons of Corporation?
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It can raise large amounts of money by issuing stocks and bonds; limited liability; continuity.
Red tape and expense in incorporating; potential for abuse of stockholder and bondholder funds; double taxation of profits; separation of ownership and control.
Explain the volume and pattern of U.S. and World Trade?
Describe what do you mean by European Union (EU)?
surpluses drives price down,shortages drive up
Economic scarcity is pervasive, that makes choices essential. Therefore, rationally optimal decisions hinge upon tradeoffs which essentially reflect: (i) cooperation to minimize human greed. (ii) opportunity costs. (iii) competitive social behavior. (
“Natural price” by Adam Smith of a good was eventually determined through: (1) the amount of capital used within production in the short run. (2) long-run average costs of production, that Adam Smith believed to be the amo
Use the circular flow model to confirm this assertion for $50 million increase in spending for space research?
Contrast how a market system and a command economy try to cope with economic scarcity?
Elucidate an example of simultaneous changes in both supply and demand?
Question: Some commentators have argued that the failure of the "Super committee" is good thing for the economy? Do you agree? Answer: The Super committe
Evaluate and explain the statements: “Competition is the essential despot of the market economy”.
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