Examlex
Why did masters in the southern colonies prefer black slaves over white indentured servants?
Government Intervention
Actions taken by a government to affect the economy or society, which can include regulations, subsidies, tariffs, and direct spending.
Competition
The rivalry among businesses to attract customers and achieve a higher share of the market.
Limited Liability
A legal structure for businesses that protects its owners' personal assets from the company's debts and liabilities.
Corporation
A legal entity that is separate and distinct from its owners, allowing it to own assets, incur liabilities, and conduct business in its name.
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