entrepreneurship

Mer som dette

Innovation and Invention

Ved RYAN AGIL

Environment and Warfare

Ved Anna Crowe

set up a yoghurt ice cream store after 'A' level exams-pdg 35/12 group

Ved kai rong heng

Central problem of economics

Ved jolie toh

entrepreneurship

ownerships

Corporation

Partenership

Sole proportiership

Definitions

equilibrium price: point where demnd curve

routine decisions: regular decisions with less impact

Common stocks: shareholders become owners

prefered stocks: pays dividens to shareholders, does not represent ownership

Scarcity: limited resources

stocks: business share the value indicates the statues of the company

Profit: what is left of a business income after the expenses of doing business have been substracted.