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1)List three important principles of economics. 2) Explain in detail why should business owners carefully consider the legal form of ownership for their business? 3)

1)List three important principles of economics.

2) Explain in detail why should business owners carefully consider the legal form of ownership for their business?

3) How is the financial risk related to financial return?

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1 Three Important Principles of Economics a Scarcity Scarcity is a fundamental economic concept that reflects the imbalance between unlimited wants and limited resources Due to this scarcity choices m... blur-text-image

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