business economics

the business structure with the liability on the business not the business owner

• LLC and Corporation

• Corporation and partnership

• Sole propriership

  and partnership

• LLC and partnership

Does law of demand go up or down when prices go up

(a)  

is law of supply an inverse or direct relationship to price

(a)  

which kind of economic condition describes when few firms have control of the market?

• monopoly

• oligopoly

• perfect competition

• few firm market

is this comparative or absolute advantage: an economy's ability to produce a particular good or service at a lower opportunity cost than its trading partners. 

• comparative advanatge

• absolute advanatage