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Explain Sole proprietorship, and also explain Advantages of Sole Proprietorship.
1 Answer
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Solution:
Sole proprietorship:
Sole proprietorship (also, called sole trade organization) is the oldest form of business ownership in India.
In a sole proprietorship, the enterprise is owned and controlled by one person. He is master of his show. He sows, reaps and harvests the output of this effort. He manages …