Limited liability in Economics means that
...Limited liability in Economics means that
A shareholder's liability in the event of debt or bankruptcy is limited to the amount he has invested
A shareholder's liability for the debt company is dependent on how much he is owing
Shareholders can not be asked to pay for the debts of the company
Shareholders try to ensure that only a small proportion of the debt comes to them
Shareholders want all the debts paid equally
Correct answer is A
No explanation has been provided for this answer.
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