Answer:
orrow $6230 to buy a car. The terms of the loan call for monthly payments for 5 years a rate of interes… ... of interest of 6 percent.
Explanation:
Answer:
A corporation has the ability to attract capital more than the limited partnership
Explanation:
Corporation is defined as a group of people or company that come together to operate a business as a single entity with the approval of the government through incorporation.
Being a legal entity on its own , ownership is separated from the owners as the business itself can be held legally liable and it also pay income tax on the profits.
One of the advantages of corporation over the other forms of business is the ability to attract capital through issuing of share stocks , which form the basis of the size of ownership of each member.
Socio economic groups refers to a person's position in society's structural and functional systems. For social and economics groups to form you have to base everything off a person's data on the person's main type of activity, occupation, occupational status and industry.
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It should be noted that Centrally planned economies allocate resources based on decisions by government.
<h3>What is Centrally planned economies all about?</h3>
A centrally planned economy can be regarded as the economy whereby price and allocation of resources, goods as well as services is been controlled government.
This us done by the government instead of autonomous agents like that of free market economy.
Learn more about Centrally planned economies at:
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