Reform/Sectionalism Notes 1

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The idea that assumes that consumers decide the types, quality and quantity of goods provided

production of goods and services carried out by an owner risking their own money is called?

A unit of ownership in a company

Ownership of property by an individual is called what?

The money after all the expenses are subtracted from the amount recieved is known as what?

What is an advantage of a corporation over private ownership?

Freedomof private business to organize and operate for profit in a competitive system without governement control is called what?

Payment to stockholders from a corporations profits