" The preservation of the single proprietorship offers the promise of securing motivation,wide spread ownership and control of industry".Do you agree ? Give reasons.

Dear Student,

Sole Proprietorship is the oldest form of business ownership in India. The enterprise is owned and controlled by one person. Sole Proprietorship is the simplest and easiest to form.
The statement is true that sole proprietorship offers the promise of securing motivation, wide spread ownership and control of industry. Sole proprietorship is one man show. He sows, reaps and harvest the output of his effort. He manages the business of his own.

Regards

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