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What is a major drawback of sole proprietorships?
Normal Good
A normal good is a type of good for which demand increases when income increases, and decreases when income decreases, showing a direct relationship between income and demand.
Consumer Income
The total income received by consumers, including wages, salaries, benefits, and income from investments, which can be spent or saved.
Ice Cream
A frozen dessert made from dairy products, such as milk and cream, combined with flavors and sweeteners, often consumed as a treat or snack.
Normal Good
A type of good for which demand increases as the income of an individual increases.
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