In the news segment, it was said that both corporations and customers behaved in their own self-interest.
Making a living or earning money through the production, acquisition, and sale of items is referred to as business (such as goods and services). Furthermore, it refers to "any activity or enterprise undertaken for profit."
The owner of the business is responsible and liable for any debts incurred by the business since despite having a business name, they are one and the same. If the company accrues debts, the creditors may seize the owner's personal property.
Corporate tax rates cannot be applied to a firm structure. All profits earned by the business are subject to personal taxation by the owner.
Learn more about business with the help of the given link:
brainly.com/question/11357749
#SPJ4