Nitin tailor by profession was working in a famous boutique in Lajpat Nagar, Delhi .He has many years of experience and saving of Rs 5,00,000 .He decided to start his own boutique. He rented shop .He was not sure about his business.But soon he started getting lot of work due to his efficiency and his profits increased. a) Which type of economic activity was written undertaking when he was working in boutique? b) Which form of business organisation did he opt?State 2 merits and 1 demerits
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