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and provide a range of services performed by public rather than
private enterprises. Some of these public services include the ad-
ministration of justice, education (although there are many private
schools and training centers), the postal (but not the telephone)
service, the road system, social, statistical, reporting and, of course,
national defense.
In this system, supply and demand establish the prices of goods
and services.
In the United States, most people are simultaneously consum-
ers and producers.
Generally there are three kinds of business: single-owner
operated businesses, partnerships and corporations. The first
two businesses are important but only corporations have large
sums of money by combining the investments of many people
who, as stockholders, can buy or sell their shares of the business
on the open market. Corporations make large-scale enterprises
possible.
Достарыңызбен бөлісу: