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What is an economy experiencing when a society cannot produce all the goods and services people wish to have?
Professional Corporation
A business entity formed by lawyers, doctors, accountants, and other professionals, offering certain tax and legal advantages.
Sole Proprietorship
A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.
Partnership
An association of two or more persons to carry on as co-owners a business for profit.
Sole Practitioner
An attorney who operates their law practice individually, rather than as part of a law firm or partnership.
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