One-man business are popular in West Africa because of all the following except the

Assessment: WAEC SSCE - Economics - 2005 (Objective) Subject: Economics

Question 1 Report

One-man business are popular in West Africa because of all the following except the
Answer Details
One-man businesses are popular in West Africa because of the ease of entry, small capital required, and limited entrepreneurial skills needed. However, they are not popular because of the tendency to become joint-stock companies. Joint-stock companies require more capital and expertise, making them less accessible to small business owners. Additionally, one-man businesses may prefer to maintain control and ownership over their business, rather than sharing it with others through a joint-stock company structure.

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