If one of the partners dies or wants to leave, the partnership can continue. It pays no income tax as a business. It has virtually unlimited access to capital. Agribusinesses tend to feel the impact of government programs more than many industries because of government involvement.
Most agribusinesses tend to be large corporations.
Accounting profit - economic profit. It is a way to measure consumer response to changes in the price of products. It can help determine how much the firm can bid for the raw material it uses in production. It is used to calculate the price of rubber used in rubber bands which are extremely elastic. Corporations are an artificial being with the legal rights, liabilities and duties of a person.