Is it a Good Business Idea? | FinShorts#181

Sir Ran started a confectionery business few years back. Due to continuous losses in business he decided to close the business. He owes Rs. 4 lacs to supplier firm who he had been taking goods on credit. His business funds are insufficient to repay the debis. Can supplier recover the funds from the personal assets of Sir Ram as his business assets are insufficient to rapay the debts, why or why not.

The Idea Of Satyagraha

Which of the following is an economic system in which capital goods are owned by private individuals or businesses and the production of goods and services is based on supply and demand in the general market?