In the world of Business.....

In a business organization there are 3 main types of business- sole propriety, partnerships, and corporations. This week in economics, we learned about the different types of businesses and how to decide the best business to choose if you were to start one. They all have disadvantages and advantages. We also learned about GDP and business cycles. We saw how there is always a curve where there will be a trough and peak at each cycle. An example of a trough is the Great Depression. We also compared countries around the world, and the differences in their debt, GDP, and interest rates. All in all its been a very successful week and has helped us see what kind of business one would make if they ever wanted to start one. What country did you pick?