Question

21. Nitin a tailor by profession wasworking in a famous boutique in kamlaNager, He was a skilled worker having tenyears of experience. He had savings of 5lakhs.He finally decided that he would start hisown boutique. He rented a shop in RajouriGarden, Delhi. He was not sure about hisventure as now he would not have anysecurity of income. But soon he startedgetting lot of work due to his efficiency andhis profit increased.1) Which type of economic activity wasNitin undertaking when he was working in aboutique?2) Which form of business organization didhe opt for later?3) Explain any three merits of the form oforganization he opted. * (T)(5 Points)​

Answer 1

Answer:

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