Asked by Markees Drain on Jun 08, 2024
Verified
What are corporations?
Corporations
Legal entities that are separate and distinct from their owners, established to conduct business, borrow money, hire employees, own assets, and pay taxes.
- Explain fundamental economic definitions and ideas, including the economy, capitalism, communism, conglomerates, and corporations.
Verified Answer
EJ
Ethan JamesJun 10, 2024
Final Answer :
Corporations are legal entities that can enter into contracts and own property.Their owners are normally not liable for the corporation's debt or any harm it may cause the public.
Learning Objectives
- Explain fundamental economic definitions and ideas, including the economy, capitalism, communism, conglomerates, and corporations.