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Why do the ruling elite in the Least Industrialized Nations work so closely with the heads of multinational corporations to develop informal partnerships?
Wiki User
∙ 12y ago
to develop the necessary political stability to maintain the partnertship
Wiki User
∙ 12y ago
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Definition of informal organization?
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to make maximum profit on capital investment=======================================Role Of Partnerships1. Partnerships are 2 or more owners.2. They share in gains and losses.3. Also, they take part in debts/liability.4. Partnerships are easy to start.5. They're based on informal agreements.Limited Partnership1. One or more general partners operate the business.2. They have unlimited liability.3. Some of the partners will not be involved in the business.
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