Examlex
Which of the following forms of ownership holds the business owner personally liable for business debts and claims?
Circular-Flow Diagram
An economic model depicting how money, goods, and services move through an economy between households and firms.
Economy
An organized system of production, distribution, and consumption of goods and services within a specific geographical area, involving various agents and market forces.
Circular-Flow Diagram
A model that illustrates the flow of goods and services and money between households and businesses in an economy.
Households
Economic units comprising all persons who occupy a housing unit, responsible for making consumption and investment decisions.
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