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Which of the following is not a reason why specialization and trade are beneficial to society?
Personal Liability
The legal responsibility of an individual to cover debts or damages from their own assets, without shield from business or professional roles.
Charitable Associations
Organizations established for philanthropic rather than financial gain, focusing on promoting welfare and social improvement.
Publicly Held Corporation
A corporation whose shares are eligible to be publicly traded in securities markets, such as the New York Stock Exchange.
Securities Markets
Financial marketplaces where securities such as stocks and bonds are issued and traded between investors.
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