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According to Philip Parker, a marketing professor, there are strong correlations between latitude and the per capita GDP of countries.
Unlimited Liability
A legal status where business owners are personally responsible for all the debts and liabilities of the business.
Sole Proprietors
Individuals who own and operate their businesses alone, assuming complete control and responsibility for all financial aspects.
Government Regulations
Rules established by government agencies to control the behavior of individuals, businesses, and other entities within their jurisdiction.
Employment Contract
A legal agreement between an employer and an employee that outlines the terms of employment, including duties, duration, and compensation.
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