Sole proprietorship in Monopolistic Competition

Sole proprietorship in Monopolistic Competition

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  • Viking High School
  • Wonder what we'll learn in Economics today...
  • Today, class, we'll be learning about "sole proprietorship in a monopolistic competition
  • Economic/Business
  • 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.
  • Sole Proprietorship
  • 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
  • Sole owner of company
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