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29 Sep 2010

Capitalism, planned economies and the concept of supply and demand

Worksheets - 1 pages - Economy general

Capitalism is characterized by a private enterprise system contrary to a planned economy which is based on the collective or governmental ownership by the means of production, that is to say that all the enterprises in the country are public. Capitalism is theoretically based on a pure and...

29 Sep 2010

"Unlimited Personal Liability" and the current financial crisis

Worksheets - 1 pages - Economy general

The term "Unlimited Personal Liability" refers to a concept of law in the business world. It is related to the sole proprietorship business scheme: that is to say a form of business owned by one person. This concept holds a business owner personally responsible for all debts and financial...