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What is free market system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
What type of business is owned by two or more people?
It could be a Partnership, or a Corporation or Limited
WHAT IS APrivate sector?
private sector is an area of business owned not by the government or council but normal people
An economic system where people can start their own business?
The Capitalist Economic System bc it is privately owned
A future economic benefit owned or controlled by an entity is?
asset
Which term refers to a business that is owned and controlled by one person?
sole proprietorship refers to a business that is owned and controlled by one person.
What business is owned and controlled by two or more people?
none
What is free market system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
What term refers to a business owned by stockholders?
Any business that is owned by its stockholders is said to be a corporation.
What is freemarket system?
It means the the business is privately owned and operated. It is not owned or controlled by the goverment.
A business owned and controlled by one person is known as a .?
sole proprietorship
System in which the resources are owned and controlled by the people of the country?
Capitalism
What do you mean by sole trade?
sole trade is the form of business,which is owned ,managed and controlled by an individual.
What is a business owned by to or more people?
partnership
What is a business owned by a number of people who bought shares in the business?
A corporation.
What are the forms of private business ownership?
· Franchises o A business which has bought the right to trade under an established name · Sole Traders o Owned, controlled and financed by one person · Co-operatives o Groups of people who enter business and share the benefits § Consumer Co-operatives § Producer Co-operatives § Worker Co-operatives · Public Limited Companies (PLCs) o Minimum of 2 but no maximum number of shareholders · Private Limited Companies o Owned, financed and controlled by between 2 and 50 shareholders · Partnerships o Owned, financed and controlled by 2 or more people
What is a business owned by two or more people?
partnership
