LEGAL AND ECONOMIC FOUNDATIONS OF FAMILY BUSINESS AND HOUSEHOLD ACTIVITIES
DOI:
https://doi.org/10.55640/Keywords:
family business, household activities, legal framework, economic principles, intergenerational succession, entrepreneurship, regulatory compliance.Abstract
Family businesses and household economic activities are critical components of national and global economies. They represent a blend of personal, social, and economic interests that contribute significantly to employment, wealth creation, and social cohesion. The legal framework and economic principles governing family enterprises and household activities play a pivotal role in ensuring their sustainability, efficiency, and intergenerational continuity. This article explores the key legal structures, economic mechanisms, and regulatory environments that shape family businesses and household economic operations. It also highlights the challenges faced in balancing legal compliance, economic growth, and family dynamics, offering insights into best practices for sustainable development.
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References
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