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Liono4ka [1.6K]
3 years ago
6

what was one advantage that corporations of the late 1800's had over individually owned businesses is that corporations?

Social Studies
1 answer:
Mademuasel [1]3 years ago
3 0
Large corporations could easily gain monopolies in their field. A monopoly is when one corporation controls all or most of a certain aspect. For example, if you were the only person to sell lemonade on a hot day, you would have a monopoly in the lemonade business. You'd be able to charge however much you wanted for your lemonade because there would be no competition.

Large corporations were more powerful than small businesses. Due to this, they could easily make more money.
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Explanation:

In the 20th century there were a lot of new nations that were formed out of old imperialistic colonies and most of them adopted, or ended up adopting a democratic system of governance where the people have the right to choose who would govern over them and the positions are rotating.

This is something that could be called to have given greater ability for the people to govern their own lives and the author has teemed the century thus as the century where the [power went to the people.

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