Chapter 3 Section 1 Economics
Requirement that an owner is personally and fully responsible.
Chapter 3 section 1 economics. History final 5 terms. Exploration study guide history 6 terms. Sole proprietorship or proprietorship.
A business owned and run by one person. Forms of business organization 18 terms. There are three main forms of business organizations in the economy today the sole proprietorship the partnership and the corporation.
Stock of finished goods and parts held in revenue. Economics chapter 3 notes. The most common form of business organization in the united states is the.
Form of partnership where one or more partners are not active in the daily running of the business and have limited responsibility for debts. Learn vocabulary terms and more with flashcards games and other study tools. Learn vocabulary terms and more with flashcards games and other study tools.
The principle that everyone has the same legal rights. Arts and humanities. Unit 6 review guide 55 terms.
Economics chapter 3 test. Learn vocabulary terms and more with flashcards games and other study tools. Drives individuals and businesses to make decisions that impro.