The form of ownership that will be used by the group and the advantages and disadvantages of the approach. Introduction: A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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Chapter 3, Problem 3.15A

Summary Introduction

To determine: The form of ownership that will be used by the group and the advantages and disadvantages of the approach.

Introduction:

A business is an economic system whether the goods or services are exchanged for money. Production, buying of raw materials and selling of finished goods are the works related to the business. Business is the thing which improves the people’s standard of living.

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