/prəˈpraɪətərˌʃɪp/ – Noun
Definition: 1. quyền sở hữu, sở hữu;
2. quyền xuất bản, bản quyền.
A more thorough explanation: Proprietorship refers to a form of business organization where a single individual owns and operates the business. The proprietor is personally liable for all debts and obligations of the business and has complete control over its operations and profits.
Example: The business was operated as a proprietorship, with the owner being solely responsible for all debts and liabilities.