Is the following scenario a partnership? Agreeing to operate an online store to sell gidgits with two people who contributed the necessary investment capital.
Ο Νο
OYes

Yes

Explanation:

The partnership is an agreement made between two or more people in order to share the profit and losses in their profit sharing ratio

Since in the question it is mentioned that the online store is to be opened between two people who wants to contribute the required investment capital

So this situation represent the partnership

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know

turnover

the amount of money taken by a business in a particular period.