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According to the modern Keynesian view,
Business Organizations
Various legal structures used by entities to conduct business, including sole proprietorships, partnerships, corporations, and cooperatives, each with distinct rules, liabilities, and taxation policies.
Corporation
A legal entity that is separate and distinct from its owners, providing the owners with limited liability.
Limited Liability
A legal structure that limits the financial liability of company owners to the amount they invested, protecting personal assets from business debts.
Shareholder Control
The power exercised by shareholders to influence a company’s decisions, often through voting rights associated with share ownership.
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