Examlex
In a free market the price will increase if there is excess demand and decrease if there is excess supply to bring about equilibrium.
Partnership Capital
The total amount invested by all partners in a partnership, representing their ownership interest.
Income-sharing Ratio
The pre-agreed proportion in which partners or stakeholders share the generated income or losses.
LLP
A legal structure for a business that provides the owners with limited liability protection, typically used by professional services firms.
Net Income
The total profit of a company after all expenses and taxes have been deducted from revenues.
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