Write the answer of the following questions in 1 or 2 sentnces.
The disadvantages for each type of business organization include
The characteristics of franchises in the United States economy are
Contract negotiation between labor and management include
• Investments in human capital affect the economy by
. The wages of labor are influenced by
1. The disadvantages for each type of business organization include lack of personal liability protection for sole proprietorships, lack of flexibility for corporations, and shared decision-making in partnerships.
2. The characteristics of franchises in the United States economy are standardized operations, support from the franchisor, and the ability to capitalize on an established brand.
3. Contract negotiation between labor and management includes discussions on wages, benefits, working conditions, and job security.
4. Investments in human capital affect the economy by improving productivity, increasing innovation, and fostering economic growth.
5. The wages of labor are influenced by factors such as supply and demand of labor, skills and education level of the workforce, and prevailing market conditions.