Examlex
John Locke's two categories of simple ideas are
Assets
Assets are resources owned by a business or individual, which provide economic value or are expected to generate future benefit.
Revenues
The income generated from normal business operations and includes discounts and deductions for returned merchandise.
Limited Liability
A legal structure that limits the financial liability of owners or shareholders of a business to the amount they've invested, protecting personal assets from business debts.
Corporation
A legal entity that is separate and distinct from its owners, who are shareholders, and offers limited liability protection to them.
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