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Economics Matching7

Econ unit 3

questionsanwsers
what are the pros and cons of a sole proprietorship? the advantiges is that you will get all the exports of the campiny and the desadvantiges are that you will have to anser for fixing the product and heiping all your custimers
what tiypeof proprietorship is most cmmen services
what is the officel meaning of a sole proprietorship is one person that runs the hole cumpiny
a certificate of ownership in a cooperation is a what? a stock
One way for a business to inceaase investments is to do what? form a cooperation
what is a business franchise? a semi independent business that pays fees to a parent company in return for the exclusive right to sell a certain product or service
two or more firms competing in the same market with the same good or serice is what? horizontal merger
a business coorporaton merger more than three businesses is known as what? a conglamorate
what is MNC multinaion coorporation
how does productivity nfluence wages? more output equals higher wages
what is an equilibrium wage? produces neither excess supply of excess demand
what is a demand determined by a demand for another good or servvice? derived demand
what are the four skill levels that categorize jobs? skilled, unskilled, semiskilled, and professional
Created by: khelms
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