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Economics of scale make it possible to offer lower prices
the work is split up so it's not as hard as sole proprietorship, and that since there's multiple people running it, you can specialize the task allowing more efficiency. another thing is there's less liability. of the company goes bankrupt, all the owners split the money they owe.
Yes.
For example, Brazil has an absolute advantage over the United States in the production of coffee; the nations of the Middle East have an absolute advantage over the United States in the production of crude oil.
"Advantage to flying business class over economy is as follows:
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Partnerships generally have more money to invest in starting or expanding a business.
Corporations have an easier time raising money to start or expand a business.
Corporations have an easier time raising money to start or expand a business.
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partnerships generally have more money to invest in starting or expanding a business
The responsibility is shared.Burden of dept can be shared.
Corporations have limited liability.
A corporation is perceived as having substantial revenues where a small business wouldn't be. A corporation can likely get financed quicker than a person who has a small business.
Guns and horses.
Can raise large amounts of capital
It is closer to the stars