a picture is worth a thousand words

a picture is worth a thousand words
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  • "A picture is worth a thousand words"
  • By: Gisselle Rayas & Dayana Castellanos 
  • Why a sole proprietorship could be in a perfectly competitive industry?
  • I'm starting a business and I'm trying to learn everything I can to start one. 
  • Well learning how to organize your business is important. You have to form or create a purpose of carrying on commercial enterprise. 
  • Alright I'm thinking on creating a new brand for coffee. I'm hoping the people will love it and that it can attract many buyers and sellers. This will create a market structure.
  • Sounds great! The four types of the market structure are Perfect Competition, Monopolistic Competition, Monopoly Market Structure, and Oligopoly Market Structure.
  •  I also researched that Perfect competitions would provide ideal circumstances for sole proprietorships to develop. However perfect competitions do not exist in the real world. 
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