Economic Glossary | Unlimited liabilities | Bankers Algo
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Economic Glossary

    Unlimited liabilities

A condition in which owners are personally held responsible for any and all debts created by a business. Proprietorships and partnerships are the two kinds of businesses in which owners have unlimited liability. The primary problem with unlimited liability is that it limits the size of a business and prevents it from taking advantage of large scale production.


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Endeavour(v)

Meaning:

to exert oneself to do or affect something; make an effort; strive

Synonyms: aim, best shot, crash project, dry run, effort, enterprise, essay, exertion, fling, full blast

Antonyms: idleness, laziness

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The boys and girls in a college are in the ratio of 3:2. If 20% of boys and 25% of girls are adults, the percentage of students who are not adults is?

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