1.what is the nature of business organization under the new commercial system of Ethiopia ?
Under the new commercial system of Ethiopia, the nature of business organization is diverse and dynamic. Businesses in Ethiopia can be structured in several ways, including sole proprietorships, partnerships, joint ventures, private limited companies, public limited companies, and cooperatives.
Businesses can also operate in various sectors, such as agriculture, manufacturing, trade, services, and technology. The government of Ethiopia has implemented several reforms to improve the ease of doing business in the country, including modernizing commercial laws, simplifying business registration procedures, and promoting foreign investment.
Overall, the business environment in Ethiopia is evolving rapidly, with an increasing number of local and international companies entering the market and contributing to the country's economic growth.