Ch 7 Producers in the Short Run

Ch 7 Producers in the Short Run - ProducersintheShortRun...

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Producers in the Short Run 23:15 Organization of Firms Single proprietorship : single owner (unlimited liability, difficult to transfer                                  ownership) Ordinary Partnership : Share profits, both have unlimited liability for each                                  other, harder to manage) Limited Partnership : Shareholders only responsible for what they put in. Limited Liable partnership: like LP but may be involved in business. Corporation : own identity, owners not liable State-owned corporation : own by government Non-profit organization : revenue=cost Firms are financed by Financial (work) capital : money firms raise to carry on business Equity Financing : GRANTING share of control of company for GIFT $         Dividend = return on capital         Share = share of  control  of company
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This note was uploaded on 10/19/2011 for the course ECON 101/102 taught by Professor Gateman&neary during the Spring '09 term at The University of British Columbia.

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Ch 7 Producers in the Short Run - ProducersintheShortRun...

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