Answer:1)illiteracy 2)Erosion 3)Poverty e.t.c
Explanation:
Answer: Shared debt liability
Explanation:
Shared debt liability in this context means that in the case of a default, the owners of the business are personally liable for the debts of the business and so creditors can come for their personal assets to get settlement for the debt.
Both Sole Proprietorships and Partnerships have a shared debt liability with their businesses because if the business defaults on debt and the assets of the business are not sufficient enough to cover the debt, the creditors can come after the personal assets of the sole proprietor or the Partners.
<u>Answer:</u>
<em>Group is the collection of multiple people. So, there must be more than two people to form a group.</em>
<u>Explanation:</u>
<em>The most important feature to form a group is to have the common point of interest and goal among the members. </em> This makes the involvement of group members in right way building a good relation among them.
It is important to have the healthy interaction among the group members to meet the ultimate goal of the group. <em>Also the interdependency among the members is essential.</em>
