The designation of a country with which beneficial trade status (lower tariffs, limited restrictions) has been declared. The status Permanent Normal Trade Relations (PNTR) was created in 1998 to replace the former title of Most Favored nation (MFN).
The exchange rate for that currency changes depending on the operations of the free market
Wasted motion is eliminated
People would consume less of the good and look for substitutes
People cannot be excluded from using goods while they can be excluded from using individual goods.
being used efficiently <3
A contract to deliver a particular commodity to a buyer sometime in the future.
Stockholders can sell their shares in the company at any time.
If the partnership is a general partnership, all partners assume unlimited liability. However, if the partnership is a limited partnership, one or more of the partners assumes unlimited liability
inferior
Stockholders can vote for the members of the board of directors