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Provide several common characteristics between a sole proprietorship and a general partnership?
Laissez-Faire
An economic philosophy of free-market capitalism that opposes government intervention.
Great Depression
A severe worldwide economic downturn that took place during the 1930s.
Nominal GDP
Nominal GDP is the market value of all final goods and services produced within a country in a given period, measured in current prices.
Aggregate Output
The total value of all goods and services produced in an economy over a specific time period.
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