advantages of partnership in economics
In an ideal economic partnership agreement, a stronger union is created because each partner benefits from the strengths of the others.Where there is lack, another partner may fill the void. Even so, it may not be all smooth sailing. Disagreements, liability, unexpected, and unavoidable events can sometimes occur.Awareness and advanced planning may help in dealing with most of these circumstances.ll profits are shared amongst each partner. However, each partner may not give equally in terms of time and resources, or other efforts to benefit the business economically. When this happens, disagreements can stir ill will and even lead to dissolution.