The Fastest Growing Segment of Small Business Is Sole Proprietorships

question 42

True/False

The fastest growing segment of small business is sole proprietorships.

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Definitions:

Achieving Goals

The process or act of identifying and working towards objectives, often involving planning, effort, and a focused approach.

Scarcity

The fundamental economic problem of having seemingly unlimited human wants in a world of limited resources, which leads to various forms of competition for resources.

Cumulative Social Effects

The accumulating impact of societal actions and behaviors over time, affecting future social structures, norms, and individual behaviors.

Friedman and Hechter

Scholars known for their contributions to sociological theory, particularly in the areas of rational choice theory and the analysis of social norms and structures.