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Many Canadian Businesses Are Structured in the Form of Sole

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Many Canadian businesses are structured in the form of sole proprietorships.What is a sole proprietorship? Provide an example of a business that would commonly be operated as a sole proprietorship.What are the advantages and disadvantages of operating as a sole proprietorship?


Definitions:

Spain's Monopoly

Refers to the exclusive control and trade privileges Spain held over its overseas colonies, particularly in the Americas, during the 16th to 18th centuries.

Political Stability

The condition of a nation or state in which it operates effectively without significant civil disorder, government dysfunction, or political unrest.

Sir Walter Raleigh

An English adventurer, writer, and courtier of the late 16th and early 17th centuries, known for his exploration of America and attempts to establish colonies.

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