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).
Demographic TransitionâPhase 3: India (birth rate approaching replacement level of 2.1) (July 2011) India is on track to become the world's largest country about 10 years from now, even though fertility has declined to 2.6 children per woman, which is less than half of its 1950s level. India's population will surpass China's, assuming that China does not alter its current fertility policy.