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Ordinarily non-public-sector businesses purpose To maximise their revenue, While in certain contexts They might aim To maximise their sales income or their marketplace share. Federal government-run businesses may possibly aim To optimize some evaluate of social welfare.
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Partnership: A partnership is often a business owned by two or more and more people. In the majority of forms of partnerships, Each and every husband or wife has endless liability for your debts incurred by the business.
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sector, Market, marketplace put - the earth of commercial activity in which merchandise and expert services are bought and sold; "with no Competitors there can be no market"; "they have been driven from your marketplace"
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