Question

1. MEANING OF
SOLE PROPRIETORSHIP​

Answer 1

it is a business control or owned by an individual or a limited liability partnership

Answer 2

Answer:

Hey mate here is your answer

Sole proprietorship means a business owned,financed and controlled by a single person.The owner,called the proprietor,alone is responsible for the profits and loss of the business.

Definition of economics is given below:

The individual proprietorship is the form of business organisation at the head of which stands an individual as one who is responsible,who directs its operations and who alone runs the risk of failure.

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