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date: 25 March 2025

corporation 

Source:
A Dictionary of Sociology
Author(s):

John Scott

The legal form of business organization for both capitalist and public enterprise, often referred to as the joint stock company or simply the company. Large corporations in the private sector involve joint-stock (share) ownership and have both individual, personal shareholders and impersonal financial shareholders. In the public sector they typically result from state nationalization and ownership of assets. The term is sometimes, and rather misleadingly, used to refer to any formal organization. ... ...

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