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Describe three ways that the division of labour contributes to society's output.
Proprietorship
A form of business organization where a single individual owns the company and is responsible for its debts.
Balance Sheet
A financial statement that displays a company's assets, liabilities, and shareholder equity at a specific point in time, providing a snapshot of its financial condition.
Assets Section
Part of a balance sheet that lists and describes an entity's resources or items of value owned.
Merchandising Business
An enterprise that purchases finished goods for resale to generate profit, operating between the producers and end consumers.
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