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Explain the need for the development of the Department of Homeland Security.
Sole Proprietorships
A business structure where a single individual owns, operates, and is responsible for the business.
Corporations
Legal entities recognized by law as separate from their owners, with the ability to own assets, incur liabilities, and engage in contracts or legal actions.
Market System
A market structure where the decisions about production, investment, and distribution are driven by the price signals that emerge from the dynamics of supply and demand.
Scarce Resources
Resources that are limited in supply and cannot satisfy all the demands placed on them.
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