Sole Trader - Owns a business by themselves, Partnership - 2-20 Partners, PLC - Public Limited Company, LTD - Private Limited Company, Franchise - Like McD's or Starbucks, Unlimited Liability - You could lose your house, Shareholders - Buying shares in a limited company, Private Sector - Name for Sole Traders, Partnership etc., Profit - Money left over, Deed Of Partnership - What partners need to create, Objective - What the business aims are, Capital - Money,

S3 Business - Our Economy




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