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B owns 10 hardware stores, each located in a different city.Since each store is located in a separate city he must treat each store as a separate activity.
Corporation
A legal entity that can own property and enter into contracts for the benefit of its shareholders.
Social constitution
The way in which a society is organized, including its social structures, norms, and institutions, and how they interact to shape the behavior and attitudes of its members.
Political economy
A branch of social science that studies the relationships between individuals and society and between markets and the state, using methods from both economics and political science.
Market capitalism
An economic system where decisions and investments are determined by the market, with goods and services produced and exchanged according to demand and supply.
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