Briefly Describe the Advantages and Disadvantages of Buying an Existing

question 116

Essay

Briefly describe the advantages and disadvantages of buying an existing business.

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Definitions:

Illegal Immigrants

Individuals who enter or reside in a country without the proper authorization or legal permission.

Domestic-Born Workers

Individuals born in the country where they are working, as opposed to workers who have migrated from other countries.

Legal Immigrant

An individual who has been granted authorization to live and often work in a country other than their country of nationality, through legal channels.

Equilibrium

A state in which market supply equals market demand, such that the allocation of goods or resources is effectively balanced.