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This Concept Map, created with IHMC CmapTools, has information related to: WilsonM1, Partnerships Different Types Limited Liability Companies, A branch of economics that studies how individuals, households and firms make decisions to allocate limited resources Affects Individuals, Sole Proprietor owner controlled Advantage Easy Set-Up, Partnerships Different Types Limited Partnerships, A branch of economics that studies how individuals, households and firms make decisions to allocate limited resources Affects Firms, Sole Proprietor owner controlled Disadvantage Full Liability, Products tangible Goods, Peter Drucker profound ideas employees=assets, Peter Drucker Theorized humans are organized across all sectors of society, Economics Areas of Study Macro, Professional Corporation Advantage Limited Liability for Owner, Focus Groups All tie to Effectiveness improved performance because of enhanced behaviors, Marketing Consists of Promoting, Marketing Consists of Distributing, Economics Theorists Peter Drucker, Distributing Different Types Wholesale, Household Flows to Financial Market, Karl Marx Was a historian, Economics Theorists Adam Smith, Management Departments Middle