Hello child, May I interest you in some knowledge today ?
No.... leave me alone
Dude stop following me !
But you need to know about how a Sole Proprietorship works !!! Literally its the easiest way to run a business as its run by only one owner
Tell you what man, if I tell you something about Perfect Competition will you leave me alone
Alright so Perfect competition occurs when there are so many consumers and sellers that the market price is beyond the control of individual buyers and sellers ... Plus all forms of Monopoly are absent in this type of market.
hahaha well however great that sounds a sole proprietorship would work in a perfect competitive industry due to the fact that the businesses are farmer industries
Ig since theres a lot of farmer markets then the prices would self regulate thus creating a perfect competition ! OMG who wouldve know... now that Ii have learned something can you go