Alarge business entity that is separate and distinct from its owner

Unlike a sole proprietorship or general partnership, a corporation is a separate legal entity, separate and distinct from its owners. It can be created for a limited duration, or it can have perpetual existence. Since it is a separate legal entity, a corporation has continuity regardless of its owners.

disequilibrium means that either supply is greater than the demand for an available good, or that the demand for a product outstrips the available supply. it implies that the price for a is either too low creating large demand, or too high creating a large surplus of supply.

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