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A dormant partnership (stille Gesellschaft) comes into existence when a person makes a contribution to an existing enterprise (company, partnership, sole proprietorship) and shares in the latter's profits. The dormant partner has no liability for the debts of the enterprise; in case of insolvency of the enterprise he is a creditor with the ...
1) A partnership firm is not a legal entity apart from the partners constituting it. It has limited identity for the purpose of tax law as per section 4 of the Partnership Act of 1932. [24] 2) Partnership is a concurrent subject. Contracts of partnerships are included in the Entry no.7 of List III of The Constitution of India (the list ...
Also called resource cost advantage. The ability of a party (whether an individual, firm, or country) to produce a greater quantity of a good, product, or service than competitors using the same amount of resources. absorption The total demand for all final marketed goods and services by all economic agents resident in an economy, regardless of the origin of the goods and services themselves ...
An economic partnership agreement is an economic arrangement that eliminates barriers to the free movement of goods, services, and investment between countries. This agreement can be considered an intermediate step between free trade area and single market in the process of economic integration .
Example: A and B each contribute $10,000 in cash to form the AB Partnership. AB buys real property for $120,000, paying $20,000 and giving a recourse note for $100,000. The partnership agreement allocates all items equally to the partners. To determine each partner's economic risk of loss, a constructive liquidation analysis must be performed.
National project-oriented groups address a public need that the relevant government is not able to fulfill. These may operate on the local, state, or national level. Project-oriented multistakeholder groups are frequently called public-private partnerships (PPP). Examples of global project-oriented groups: Alliance for Water Stewardship
Economic agents can form coalitions. [18] When a coalition is formed around economic goals, the reasoning is financial. In economics, when two opposing sectors, such as a buyer and seller or two sellers, come together, it can be thought of as a coalition in the denotative sense, as the two groups come together temporarily to achieve a goal. [19]
Partnering agreements are commonly used in the different kind of partnerships. One example is the strategic partnering arrangement in the aviation sector which was put together by the UK Ministry of Defence and AgustaWestland. [citation needed] Both partners share an agreed common objective to improve helicopter services and support to the ...