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Q. What is Corporation?
A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of this form of business is that it provides for limited liability for its owners: potential losses resulting from their ownership of company (must it lose money, face legal difficulties or experience other problems) are limited to amount initially invested by the owners. Owners' other personal wealth is kept protected and separate from claims against the corporation. Corporation is hence well-suited to the joint stock form of ownership.
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EMPLOYMENT AND UNEMPLOYMENT POLICY: Engagement of a person in any economic activity is central to the concept of identifying a worker. A worker is one who participates in any
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Q. Level of aggregate demand in economy? Demand-pull inflation takes place when there is an increase in level of aggregate demand in economy. Aggregate demand comprises five co
Labor Total Output 1 30 2 50 3 60 4 75 5 80 a) If the price of the firm’s output is $12 per unit and the wage rate is $100 per worker, how many workers should the firm choose to
show the shape of f orbitals?
The definition of a price maker is a "firm with some power to set the price because the demand curve for its output slopes downward", which in effect, means those firms with a down
Program Spending: Government spending that is undertaken to provide useful public programs. Program spending includes both transfer payments which are intended to supplement the in
explain the nature and scope of economics.
Non-existence of Objective Probability Distributions : Let us see why expectations are volatile in nature? According to Keynes (1936, pp. 149): "Our knowledge of the fact
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