Routledge Dictionary of Economics, Second Edition
A business jointly owned by two or more persons who are personally responsible for its debts and each share in its profits. This form of business has long been popular with professional persons, e.g. lawyers and accountants; banking often was organized in partnerships before the coming of joint stock companies.
See also: limited company
This is the complete article, containing 54 words
(approx. 1 page at 300 words per page).
View More Summaries on Partnership
