Question

What is the role of partnership in the economy?

Answer 1

Association business or partnership adds to the financial development and works towards an improvement of a business. Association business assumes a significant part in the activation of provincial savings. It helps the government in the arrangement of social conveniences for individuals in both metropolitan and rural regions.

Also check:

• Special Aspects of Partnership Accounts
• What Is Partnership?
• Dissolution of Partnership Firm
• Difference Between Sole Proprietorship and Partnership