Toshkent kimyo texnalogiyalar instituti

2. Answers the questions:

1- There are different forms of business organization and ownership. They can be divided into those belonging to the private sector, i.e. in the control of private individuals, and those working in the public sector, i.e. owned by the government.

2- In the private sector, there are various types of business organization.

3- There are sole traders, partnerships, companies and cooperatives.

4- The type of business described as ‘sole trader’ (or ‘sole proprietor’) is one which is owned, run and controlled by one person.

3.