The most common and simplest form of business is a sole proprietorship. Many small businesses operating in the United States are sole proprietorships. An individual proprietor owns and manages the business and is responsible for all business transactions. The owner is also personally responsible for all debts and liabilities incurred by the business.
The current total fertility rate for the world is 2.5. Influencing this are countries that have TFRs of 6 and higher such as Niger (7.6), Democratic Republic of the Congo (6.3), and Uganda (6.2).
The total fertility rate in the United States estimated for 2016 is 1.82 children per woman, which is below the replacement fertility rate of approximately 2.1. Compared to other Western countries, in 2012, U.S. fertility rate was lower than that of France (2.01), Australia (1.93) and the United Kingdom (1.92).