a worker who loses a job at a petroleum refinery because consumers and business firms switch from the use of oil to the burning of coal is an example of

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A worker who loses a job at a petroleum refinery because consumers and business firms switch from the use of oil to the burning of coal is an example of a recession.

A commercial enterprise company is either a sole proprietorship or a partnership. it is able to be owned by using both an individual or a business enterprise (e.g. Pte Ltd). An organization is a "criminal individual", who set up and personalizes a commercial enterprise firm. but, a commercial enterprise company, now not being a criminal entity, can't check in every other enterprise company.

A company is a commercial enterprise organization that seeks to make earnings thru the sale of goods and services. The time business firm is synonymous with business or organization. corporations can perform under numerous one-of-a-kind systems, together with sole proprietorships and corporations.

Firms are one of the three crucial factors inside the round drift of cash thru the financial system. They take cash for goods and services at the same time as presenting earnings to professional workers via profits. additionally, they pay taxes to the government, and, in turn, advantage of the authority's spending in key regions (e.g. infrastructure).

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