Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Microeconomics Expert

Economics


Home >> Microeconomics

Q. What is Corporation?

A corporation is a form of business established as an independent legal entity, separate from individuals who own it. A main benefit, for owners, of this form of business is that it provides for limited liability for its owners: potential losses resulting from their ownership of company (must it lose money, face legal difficulties or experience other problems) are limited to amount initially invested by the owners. Owners' other personal wealth is kept protected and separate from claims against the corporation. Corporation is hence well-suited to the joint stock form of ownership.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M9579144

Have any Question?


Related Questions in Microeconomics

Question a newscaster interviewed a senator about a

Question: A newscaster interviewed a senator about a proposed fence along the Mexican border. He said not to build it because some illegal entrants would still manage to climb it or cut through it. Assume for now that th ...

Question the investment tax credit was designed to increase

Question: The investment tax credit was designed to increase the ratio of capital spending to GDP and hence boost productivity growth. The credit was introduced in 1962, and although it was temporarily suspended in 1966 ...

A market with q 16p-2 is supplied by a monopoly with cost

A market with Q = 16*p^-2 is supplied by a monopoly with cost C(Q) = 6 + Q^2/8. Calculate the equilibrium price, output and monopoly profits. What should be the equilibrium if the market were supplied competitively by fi ...

Question - the shadow banking system is larger and has

Question - The "shadow banking system" is larger (and has become more important to the US money and capital markets) than the commercial banking system. But, unlike commercial banks, many types of "shadow banks" ---money ...

Question a newspaper headline reads state officials take on

Question: A newspaper headline reads: "State Officials Take on Pricing Regulations to Try to Provide Better, Dependable Income to Dairy Farmers." Is providing dependable income to dairy farmers a good policy goal for gov ...

Question you are buying a car for 20000 with 4000 down

Question: You are buying a car for $20,000 with $4,000 down payment. You will pay for the remaining amount with 30 equal monthly payments with interest at 12%, compounded monthly. How much is your monthly payment? The re ...

Question specialized bits costing 50000 used in the mining

Question: Specialized bits (costing $50,000) used in the mining industry have a useful life of 5000 hours of operation and can be traded in when a new bit is purchased for 10% of first cost. The drilling machine that use ...

Question acme furniture retails a chair for 250 they

Question: Acme furniture retails a chair for $250. They believe that they could raise the price of the chair by 10% and sell 30 fewer chairs per year. They have been selling 500 of these chairs per year at the current pr ...

Question in the early 1990s mit economist lester thurow

Question: In the early 1990s, MIT economist Lester Thurow wrote that of the three major powers in the world economy in the twenty-first century, Europe would be the leader. However, its growth rate fell far behind the US ...

Question the supply and demand functions for natural gas

Question: The supply and demand functions for natural gas from 1950 to 2007 are followings. Qs= 0,02 + 0,7Pg + 0,045Po + 0,06I Qd= 148,82 -1,8 Pg + 0,069Po + 0,05I Where Pg is the price of natural gas, Po is the price of ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved