What is a corporation?
Each of us at least once in my life heard such a word as a corporation. However, what is it? What organization can be called a corporation? That is what we will talk about in our article.
What is a corporation? In a general sense, it is an association of legal entities having a single goal, which is to protect interests and obtain financial benefits. In the history of the first corporation was the union of merchants and artisans. The East India Company is considered to be one of the largest corporations.
Today, a corporation is called one of the main forms of business organization, which provides for share ownership and the use of assets, as well as funds and capital. The corporation can work employees of various professions, qualifications, with different levels of education and experience.
A corporation is a union of individual entrepreneurs or entire companies. The activities of the corporation, as a rule, have global coverage. For example, Microsoft distributes its products worldwide.The same goes for the famous Apple Corporation. You can find out who its founder is in the article Who is the Founder of Apple.
In economics, a corporation is considered to be an organization that conducts activities for the production (extraction) of products, carries out transportation, storage and sale of goods in its own stores.