Illustrate the advantage and disadvantage of Corporations
Illustrate the advantage and disadvantage of Corporations?
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Advantages: improved ability to raise financial capital (money); defining and comparing stocks and bonds; limited liabilities; corporations have a permanence that is conducive to long-run planning and growth.
Disadvantages: red tape and expense in obtaining a corporate charter; unscrupulous business owners sometimes avoid responsibility for questionable business activities.
Define Dependent and independent variables?
Explain: “Affluence tomorrow requires sacrifice today.”
Explain how government might manipulate its expenditures and tax revenues to reduce rate of inflation?
Concept of Adam Smith that the market system automatically adjusts as when guided through an “invisible hand” most intimately resembles: (1) flows of electricity across the microcircuits within computer chips. (2) homeosta
Elucidate the various trade which enacted by governments?
Illustrate other than price many factors determine the outcome?
Managerial Economics Meaning and definition Managerial economics general refer to the integration of economy th
Double coincidence of wants: This means that one person's wishing to buy and sell should coincide with another person’s wish to buy and sell.
How the government can increase the overall effectiveness of the market system?
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