Category: Business Studies

Why there is industrialization in developing countries? There is more industrialization in the developing countries than the developed countries because most of the businesses want to get their products produced from the developing countries. Even the businesses which are operating in Europe and North America want their products to be produced from the developing countries.…

Sole trader is a legal business, but it does not have a legal identity. For example anyone can start a business as a sole trader but the sole trader business is not a registered business according to the law. A sole trader business cannot sue or be sued in the court of law whereas the…

Which businesses have unlimited liability? Before telling that which businesses have unlimited liability, I would like to define what unlimited liability is. Unlimited liability is the concept that if the business is unable to pay off its debt then the owner of the business will be forced to sell his or her personal assets in…

What are the advantages of forming a partnership? There are many advantages of forming a partnership, but I am going to tell you about some of them. The following are the advantages of partnership: • New ideas • More capital is invested into the business • The duties and responsibilities are divided • Losses are…

What is an unincorporated business? Unincorporated business is a business which is not legally registered. The most common examples of unincorporated businesses are sole trader and partnership. The owners of an unincorporated business have unlimited liability and if the owner dies, the business seizes to exist.

Disadvantages of Partnership Partnership is a form of business in which 2 or more people decide to indulge themselves in to business activities with the main aim making profit. The people are referred as partners and each partner has to provide money and time for the business. A partner may decide not to give his…

What are Public Limited Companies? We are going to tell you about the features of the Public limited companies. The following are the important features of the Public limited company: • Public limited companies belong to the private sector • The main motive of the public limited companies is profit • The company is owned…

What is privatization? Privatization takes place when businesses operating in the public sector are sold to the private individuals working in the private sector.

What is Private sector? The private sector is controlled by private individuals and businesses. The main of the private sector is to make profit.

Public limited Company belongs to Private sector or Public sector? Although the name might suggest otherwise, the public limited companies operate under the private sector. However, the public corporation works under the public sector.