Examlex
What are the components of the current account of the balance-of-payments?
Tax Breaks
Financial incentives or reductions in tax payments provided to individuals or companies to encourage certain activities or investments.
State-Owned Enterprise
A business enterprise where the government holds significant control through full, majority, or significant minority ownership.
Limited Liability Firm
A type of business entity where the owners' liability for debts is restricted to the amount they invested in the company, protecting personal assets from business liabilities.
Sole Proprietorship
A business owned and operated by a single individual, where there is no legal distinction between the owner and the business entity.
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