Create an account
an IOU for money over a specific length of time with the promise to pay interest and principal when the time expires
ways out of a debt trap
pay in full, pay a % of the debt, repudiate=don't pay debt, monetize=change money=hyperinflation
a cycle that lasts 7-10 years. It cycles through recovery, prosperity, recession, and depression and then repeats
pros of sole proprietorship
easy to raise capital, ease of liquidation of assets; dealing with no other people other than clients
pros of partnership
easy to raise capital with partners' permission; can multiply the ability to raise capital by the number of partners in the partnership
pros of corporation
cumbersome to raise capital, but the amount can be huge compared to sole proprietorship or partnership; treated as a person under the law; can be advantageous due to taxes; limited liability
increase in money supply which cause price inflation. ms1=100 2%=2; ms2=200 2%=4; ms3=50 2%=1
Please allow access to your computer’s microphone to use Voice Recording.
Having trouble? Click here for help.
We can’t access your microphone!
Click the icon above to update your browser permissions and try again
Reload the page to try again!Reload
Press Cmd-0 to reset your zoom
Press Ctrl-0 to reset your zoom
It looks like your browser might be zoomed in or out. Your browser needs to be zoomed to a normal size to record audio.
Please upgrade Flash or install Chrome
to use Voice Recording.
For more help, see our troubleshooting page.
Your microphone is muted
For help fixing this issue, see this FAQ.
Star this term
You can study starred terms together