Price stickiness is a major factor preventing the economy from rapidly adjusting to shocks.
A business is an activity that makes a living or makes money by manufacturing or buying and selling products (such as goods or services).
The economy of a company name does not separate the entity from its owner. This means that the company's owners are responsible and liable for the company's economy. If the company acquires debt, the creditor can trace the owner's personal belongings. The corporate structure does not allow corporate tax rates. Owners are personally taxed on all income from the company.
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