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Business organizations (SOLE TRADER (DISADVANTAGES (1 Prices are higher …

- - - - ADVANTAGES
        
        1 More capital
        2 Specialization
        3 Expansion is easier
      - DISADVANTAGES
        
        1 Decision making may take longer
        2 profit and control must be shared
        3 Disagreements between partners
- - - - ADVANTAGES
        
        1 Limited liability
        2 Easier to raise capital
        3 Easier to obtain finance
        4 Specialize easily
        5 Large scale
      - DISADVANTAGES
        
        1 Decision can be slow
        2 Set up is complicated and expensive
        3 Employees and shareholders are distanced
        4 The annual accounts are open to public inspection