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  • in this project we will talk about market structures and business organizations
  •  and about why a sole proprietorship could be in a perfectly competitive industry
  • this is davids  2nd six weeks economics project
  • A business organization is an entity aimed at carrying  on commercial enterprise by providing goods or services to meet needs of the customers
  • some examples of  business organizations are sole proprietorship partnership corporations
  • the market structurees especially focus on thoes characleristics affecting competition and pricing
  • market  structures are the interconnecled characterlstics of a market
  • there are four types perfect competition monoplisstic competition monopol
  • the advantages of sole proprietorship are that the owner has absolute  control over the firm  and that the owner
  • the sole proprietorship refers to the fact that a company is owned by just on person
  • in perfect competition there are many sellers and buyers and firms have no control over prices there are no barriers to enter both buyers  and sellers are informed about products and the products sold are identical
  • knowing all these concepts i could say that a sole proprletorship colud be in a perfect competitive indndustry as long as it responds
  • on the other hand if we had  to mention any drawbacks i would like to point out  the  difficultes in finding  investment  for you  compam
  • this kind of business organization may be successful as in a  pure a competitive market
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