Progress Check 4 Flashcards
(3 cards)
1
Q
What is a sole trader?
A
A sole trader is a business owned by one person.
2
Q
What is a partnership?
A
A business that can have a minimum of 2 and a maximum of 20 partners.
3
Q
What is the Private Sector?
A
The part of the economy that is run by individuals & businesses, fro profit and not for the government
