Q.Which is the oldest form of business organisation ?

Sole proprietorship, run by a single owner with the least formality, is the earliest and simplest form of business organisation, so it is the oldest.

Sole proprietorship is a form of business owned, managed and controlled by one individual who provides the capital, takes all decisions, enjoys all profits and bears all risks and losses alone. It needs almost no legal formality to start, which is why it emerged first, long before partnerships, companies and co-operative societies developed as more complex forms.

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