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Business partnerships are seen as an extension of a sole proprietor. It may happen when the sole trader wants to expand his business but needs additional capital. This lesson looks at the disadvantages and advantages of partnerships.
A Close Cooperation is a business owned by one to ten members. This form of ownership has to be legally registered with the government. This lesson looks at the advantages and disadvantages of this form of ownership.
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.