Business is the practice of buying and selling goods and services to generate profit. It encompasses a wide range of activities, including marketing, finance, and operations.

  • It is a complex and ever-changing field. There are many different types of businesses, each with its own unique set of challenges and opportunities.
  • It is constantly evolving, as new technologies and trends emerge. Businesses must be able to adapt to change in order to survive and thrive.
  • It is an important part of the global economy. It generates jobs, creates wealth, and drives innovation.

Proprietorship Advantages, Merits and Importance

Meaning of Sole Proprietorship Sole trader-ship (proprietorship) is that form of business organization whose owner is just one person, who is called the sole trader. This person invests capital in the business and is solely responsible for all the profits and losses of the business. The same person is the manager and organizer of the

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Proprietorship : Definition and Characteristics

Introduction to Sole Proprietorship Sole trader-ship or proprietorship is the oldest form of business in all the countries of the world. Along with the progress of the business, its form has also been changing. But due to its simplicity, quick formation, and easiness, this form is the most popular and in practice in the world.

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