The Sole Trader and the Partnership

  • J. Randall Stott
Chapter

Abstract

Business undertakings fall into two distinct classes, those which are privately owned and those which are owned or controlled by the State or a local authority. The use of the word ‘public’ is sometimes confusing to the student as we refer to public companies (which are privately owned organisations), and public enterprises (which are State owned and/or controlled and financed by taxpayers’ money).

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Copyright information

© J. Randall Stott 1973

Authors and Affiliations

  • J. Randall Stott
    • 1
    • 2
  1. 1.Boston College of Further EducationUK
  2. 2.Cannock Technical CollegeUK

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