Question

Define sole trade and mention it's importance .​

Answer 1

Answer:

DEFINITION:

A sole trade is a self employed person who owns runs their own business as an individual.

IMPORTANCE :

1)You are the boss .

2)You keep all the profit.

3)The start up cost are low .

4)You have maximum privacy.

5)The establishing and operating your business is simple.

PLEASE MARK AS THE BRAINLIEST.

Answer 2

Answer:

A business run by an individual is called sole trade.

Explanation:

It's importance are:

• Sole traders maintain full control of their business.
• All the profit is remained with an individual.
• It is flexible to operate.
• The business remains under your control.