What Is a Sole Proprietorship

question 112

Essay

What is a sole proprietorship?

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Definitions:

Export Promotion

A government strategy aimed at encouraging local producers to sell their goods and services abroad.

Import Substitution

An economic policy that aims to replace foreign imports with domestic production, often through the use of tariffs, quotas, and other trade barriers.

Economic Growth

An increase in the production of goods and services in an economy over a period, typically measured by the rise in real GDP.

Foreign Financing

Funding sourced from foreign countries, including loans, investments, and other financial resources, to support domestic expenditures.