How are economic entities classified
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For the purpose of ownership and responsibilities, economic entities are classified in three main categories. Proprietorship: A proprietorship is a business owned and operated by one person. ... Partnership: A partnership is a business owned by two or more people who work as an association.
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0
Answer:
For the purpose of ownership and responsibilities, economic entities are classified in three main categories. Proprietorship: A proprietorship is a business owned and operated by one person. ... Partnership: A partnership is a business owned by two or more people who work as an association.
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