small firms have limited start-up capital, small firms have the largest risk of business failure

yes, to reduce borrowing if people and firms are building up unsustainable debt. No, it may reduce the economic growth rate as it may discourage investment.

Reallocating resources will involve a movement along the PPC, this will involve an opportunity cost.

may be in higher supply as work may require fewer qualifications/less skill, may have less bargaining power as they may not belong to a trade union

A monopoly firm can take advantage of economies of scale reducing average costs of production, the removal of monopoly power may increase prices for consumers.

It may enable households to borrow more, increasing their spending, to increase their living standards, be able to buy housing or other basic necessities.

Few legal formalities exist, know their customers on a more personal level, Smaller firms are easier to manage and control.

retail shop, schools, advertising agencies, hairdressers

May have different goals, private sector banks may aim for profit maximisation while public sector banks may seek to provide a service/keep employment high.

A function of money that enables people to borrow, pay back at a later date and to lend.

Some firms may decide to stop production, this may reduce competition, raise price, lower quality and reduce choice.

sole trader, partnership,private limited company, public limited company.