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11. Explain in brief the social desirability of sole proprietorship |
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Answer» The limitations of sole proprietorship have necessitated the development of other forms of ORGANISATION. The wide spread use of other forms of organisation has not eliminated sole proprietorship; RATHER it continues to be most popular form of organisation in every country. This form of organisation has a social desirability too.Explanation:Its social necessity is because of the following reasons:(i) EMPLOYMENT to large number of persons(ii) Need of LESS capital(iii) Less risk(iv) Providing goods at LOW prices |
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