Today, class, we'll be learning about "sole proprietorship in a monopolistic competition
Mr. Smith, what is Sole Proprietorship?
Good question, Sole Proprietorship is where one person owns a business, thus he/she is in complete control of it.
A person can register a business as a Sole Proprietorship in about two weeks. However, even though they have full control over it, they also have full responsibility for it's business and it's liabilities