A Major Disadvantage of the Proprietorship Form Is the Difficulty

question 104

True/False

A major disadvantage of the proprietorship form is the difficulty of raising money.

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Definitions:

Economic Explanation

A rationale or interpretation provided to clarify how economic principles, policies, or phenomena influence behaviors and outcomes in the system.

Price Elasticity of Demand

A gauge measuring the effect of price variations on the demand for a good.

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