Until the late 18th and early 19th centuries, most organizations were relatively small and were owned and operated as sole proprietorships or__________________.
Until the late 18th and early 19th centuries, most organizations were relatively small and were owned and operated as sole proprietorships or partnerships.
Explanation:
After the advent of industrialization, many individuals chose to shift to mass production of commodities.
These individuals set up small businesses of their own with their own capital.
The ones who could not afford to start a set up with what they had entered into partnerships.
As there was no concept of corporations, the trend of shared ownership among more than two persons did not exist.
