<span>sole proprietorship
</span>
<span>The sole proprietorship is the simplest and basic form of business under which one can operate a business. The sole proprietorship is not a defined legal entity. It basically refers to a person who owns the business and most importantly the owner is personally responsible for its debts</span>
The economy in the United States in the 1920's varied greatly from European countries. After WWl, Europe struggled to rebuild. Europe had taken the brunt of the attacks and went into a deep depression. The United States in contrast boomed. The economy was better than ever before. Since no attacks had happened on American soil, we were able to mass produce consumer goods, etc. People were buying on credit, investing in the stock market, and moving to the city. Life was good in America; not so good in Europe.
The equilibrium is the price that comes out from adding all the direct related costs in producing the good or service. To this total you have to add the indirect costs, for example, taxes, salaries, etc. Add up both results and you will have the price.
The equilibrium price is the price that covers all your expenses, both direct and indirect. With this price you do not lose nor earn any money.
Cultural mixing is the coming together of two or more cultures leading to its coexistence at the space and time.
According to the passage, the major factor that brought about several African cultures coming together and co-mingling is the slave trade.
<h3>Creation of a distinct African American culture in North America</h3>
The creation of distinct African American culture in North Africa can be traced to the transatlantic slave trade. This was a period in history were Africans were captured as slaves and transported through the Atlantic ocean into North America.
During the time of different African slaves living and working together, there were mixture of their different cultures. This may be in form of language, food or songs. Over the years, this cultural mixing led to the formation of an entirely new African American culture with traces on distinct original cultures.
<h3>Factors that Led To African American Culture</h3>
- Slave Trade
- Working on Plantations
- Living together
During the period of African slaves living and working together, they spent a lot of time together learning and teaching their cultures among themselves. this can not be said about the slave masters because they spend limited time with the slave.
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