Examlex
In the circular flow model,households demand resources such as labor services in the product market.
Unlimited Liability
A legal structure in which the owners of a business are personally responsible for all the debts and obligations of the business, without any limit.
Legal Requirements
Regulations or obligations imposed by law that organizations or individuals must follow.
Governmental Regulation
The laws, rules, and regulations established by government bodies to control activities within various sectors and protect public interests.
Capital Contributions
The money, property, or other assets that an owner or shareholder provides to a business either initially or to support ongoing operations.
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