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Grade 8 EMS

Forms of ownership - Companies

6m 9s

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    We take a comparative look at the four types of ownership that exist. The aim of this lesson is for you to see the differences and sometimes similarities between the different types of ownership.

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    We focus on the role that forms of ownership have in relation to job creation and the use of natural resources. We look at ways in which companies depending on size can provide skilled and unskilled labour and how an organisation affects the way natural resources are used.

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    We introduce The Cash Payments journal which is used to record when the business makes payments or when money is taken out of the business’s bank account.