WAEC Economics 2010 Theory — Question 12

Question 12 of 23 from the West African Examinations Council (WAEC) Economics 2010 Theory paper, with the correct answer and a full explanation.

5(a) What is a partnership? (4 marks)

Model answer

Partnership is a form of business organization in which at least two people, but not exceeding twenty people, pool their resources together to run a business.

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