| A | B |
|---|
| Sole trader | a business owned by a single person who has unlimited liability |
| Unlimited liability | the owner has to pay back all debts of the business |
| Deed of partnership | the legal contract which governs how a partnership will be owned and organised |
| Partnership | a business which has between 2 and 20 owners |
| Partners | the owners of a business |
| Sole proprietorship | a business owned by a single person who has unlimited liability |
| Sleeping partners | These are partners who own part of a business play little or no part in the day to day working |
| Business | an organisation which produces goods |
| Demography | the study of population |
