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Meaning of economies of scope Economies of scope is a term that refers to the fall in the cost of production when two or more companies produce a range of products together rather than separately. It also implies that producing one good brings about a reduction in the cost of producing another …
The merger has to be voluntary, that is, the two companies have to agree in order to arrive at a fusion into one. When two companies merge, they become a single legal entity. The companies that agree to merge tend to have roughly equal sizes, customers, and scale of operations. It is …
A comparison of the difference between recession and depression in economics; also, the similarities of recession vs depression would be listed. A recession is usually defined as an economic condition where, for some time period, the country experiences negative GDP growth. Depression refers to a long and general economic decline, where the …
The comparison of S Corp vs C Corp; differences, similarities, as well as the advantages and disadvantages of S Corp and C Corp. The major difference between C Corp and S Corp is that the shareholders in an S Corp are never at risk of being personally liable for the company’s debts. …
A recession is an economic downturn where the economy experiences negative growth over two consecutive quarters. There are many effects of a recession in an economy; the meaning, causes, and some examples of economic recessions would be discussed. Recession Meaning A recession in economics refers to a downward trend in an economy’s …
An LLC stands for Limited Liability Company; it is a type of business that combines the tax benefits of a partnership with the limited legal liability of a corporation. We will discuss LLC advantages, disadvantages, and types. Each of the 3 types of LLC with their examples would be outlined. As one …