The Firm and Market Structures · Microeconomics

Business Organizations and Labor

Comparing sole proprietorships, partnerships, and corporations, alongside the role of labor unions.

Key Questions

  1. 1What are the trade-offs between limited liability and ease of startup?
  2. 2How do labor unions influence the equilibrium wage in a specific industry?
  3. 3What incentives drive entrepreneurs to take significant financial risks?

Ontario Curriculum Expectations

ON: Business and Labour - Grade 10ON: Canadian and World Studies - Grade 10
Grade: Grade 10
Subject: Economics
Unit: The Firm and Market Structures
Period: Microeconomics

Suggested Methodologies

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