economics project
Storyboard Text
- Sole Proprietorship in Perfect CompetitionBy Trinitee Randle
- so how's your business doing?
- actually, it's a sole proprietorship, Ana.
- ...what's the difference, Kevin?
- well, having a sole proprietorship means I am responsible for my profit, and i'm liable for my entire business
- won't a lot of people will have the exact same product as you?
- only in a perfect competitive market, which doesn't exactly exist.
- and even if it did, i could still have my sole proprietorship because it would add to the many competing firms which help boost the economy.
- wow, really?
- sole proprietorships sound really cool. I would like to make one!
- having one is a lot of work, but it gives you a way to make extra money!
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