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Macro 8

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Gale Pooley
Gale Pooley

The document discusses different types of firms including proprietorships, partnerships, and corporations. It provides details on their key characteristics such as the number of owners, ease of creation, liability, ability to raise money, and other factors. Exam 1 averages were 82.25 and Exam 2 covers chapters 10-16 to be held on June 11th. The stock market and personal finance are also briefly mentioned.

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Lecture 8 Macroeconomics Chapter 7
Exam 1 Average 82.25
Exam 2 Chapters 10-16 Monday June 11th
Chapter 10 Stock Market and Personal Finance
1792
2,400 $21 trillion 3,800 $11 trillion
Indexes DJIA S&P 500 NASDAQ
Investment GDP: purchases of new capital Stocks and Bonds
Firm An organization that organizes capitals
Types of Firms Proprietorships Partnerships Corporations
Issues Complexity Liability Taxes Raising Money Control
Proprietorship one owner easy to create one tax unlimited liability hard to raise money ends with death
Partnership two or more owners easy to create combine talents all are liable disagreements ends with death
Corporation one to many owners limited liability raise financial capital does not die with shareholders harder to create more regulation double taxation

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Macro 8