Types of Ownership
NAME: Lashana Ricketts FORM: 10LE TEACHER: Mrs. Barton TYPES OF OWNERSHIP NUMBER: 1 The 6 main business ownerships are: SOLE TRADER: A sole trader business has 1 owner only usually a small shop e.g. Green Grocers, Local newsagent, Nail shops. The owner usually trade only with their family name. They are responsible for all the decisions and problem solving. They would raise the finance themselves or get a bank loan. Also owned financed and controlled by one individual but can employ other staff. A sole trader business is easy to set up. Being a sole trader make you have the only decision that are to be made. PARTNERSHIP: It has between 2-20 owners. Usually businesses like; local shops, solicitors, dentists, builders etc. The partners have responsibility for raising finance. They would share the decision-making process and the profit between them under ''The Deed of Partnership Act (1890)''. (The Legal Contract), Partnerships have unlimited liability. PRIVATE LIMITED COMPANIES: They are generally smaller than a public limited company. Common examples are family businesses such as garages, builders, shops, and local coach companies. The shares are not available for sales to the public and are normally owned by people who run the company. The shareholders are normally the directors of the company. PUBLIC LIMITED COMPANIES: (PLC) is normally larger than a private
wall street crash
Wall street crash coursework Black Thursday 24/10/1929 Large sales of shares GE and Radio sales fell Banks spent $40million to stop decline Shares prices stopped falling Rumours that men had committed suicide Banks now demanded repayments of loans that Investors had to buy shares They now had to sell shares to pay the banks Everyone now selling shares with no one wanting them - Prices continued to drop 1: Why did shares prices on Wall Street crash in October 1929? In the 1920s an easy way of making money was to buy stocks and shares on the stock exchange because the price of shares were always increasing in value, so after holding onto them for a short while you could sell them at a good profit. The profits were so good people use to take out loans to buy the stocks and shares and would still make a profit even after paying back the loan. These easy profits and available credit helped fuel the economy and the boom of the 1920s. By September of 1929 $6 billion of debt had been amassed. On 3rd September 1929 the stock market reached an all-time high the market dropped sharply only to rise and then drop again. Some people began to worry and started selling shares, in the weeks that followed prices continued to decline. Then on 24th October (Black Thursday) Prices fell dramatically as sellers tried to find people willing to buy their shares. Because prices were
What factors were responsible for the Wall Street Crash?
. What factors were responsible for the Wall Street Crash? There was no single factor responsible for the sudden plummet in values on the US stock market, known as Wall Street. It was more a culmination of two or three major events or problems that built up over time, were not addressed so were able to nurture and course a fatal disaster for America in 1929. The American economy had been doing very well after a boom in 1920, thus the period was called the 'Roaring Twenties' giving an air of riotous fun loud music and wild enjoyment with 'everyone' having a good time because of all the money splashing around. However, after so many years of good living and good business the US public had everything they wanted so they stopped. They stopped purchasing products, they stopped borrowing but above all they stopped purchasing shares. Shares were the main reason for so many people being fairly well off, because they went hand in hand with the "American Dream" or get rich quick philosophy of that time. Shares were an incredibly easy way to make a lot of money in a short space of time. Shares begin with the birth of a new company - since one cannot begin without money the proprietors look for willing investors. Once found these people are given a 'share' in the company and become Shareholders. To get a return on their money invested they can either sell their shares or get a
