Question

Describe how sole proprietorship facilitates employment generation ?

Answer 1

In case of a sole proprietorship, there is only one single owner who owns the business and whatever losses or profits the business might happen, would be accountable to him only.

Hence no one else is to be and responsible for it.

So chances of better employment generation is there in case of businesses that are run by sole proprietorship.

There is no separate identity under any means in law for such businesses.

So it is much better for most of the businessmen. It supports employment generation as it is the simplest form of business maintenance.