Examlex
Matt and Alicia created a firm that is a separate legal entity and will share ownership of that firm on a 75/25 basis.Which type of entity did they create if they have no personal liability for the firm's debts?
Laissez-faire
An economic philosophy of free-market capitalism that opposes government intervention in business affairs.
Economic System
The organized way a society allocates its resources and apportions goods and services in the national community.
Classical Economists
Early economists who theorized that free markets regulate themselves through the laws of supply and demand, advocating for minimal government intervention.
Government Intervention
Actions taken by a government to influence or directly control aspects of its economy, such as regulations, subsidies, and tariffs.
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