Corporations exercise significant control over economic activities from "summary" of The New Industrial State by John Kenneth Galbraith
Corporations, in the modern context, wield a considerable amount of power over economic activities. This power is not merely a result of market forces or individual decision-making, but rather a product of the complex structures and mechanisms that define large corporations in the current industrial landscape. These corporations exist as entities separate from the individuals who own shares in them, and as such, they possess a level of autonomy and influence that is distinct from that of individual actors in the market. One key aspect of this control is the size and scale of modern corporations. These entities have grown in size to the point where they are capable of dominating entire industries and markets. Their resources, both financial and human, are vast, allowing them to dictate terms to suppliers, customers, and even governments. This scale gives corporations a level of control over economic activities that would be impossible for smaller actors to ...
Similar Posts
Economic development should be sustainable
Sustainable economic development is not just a trendy catchphrase or a passing fad. It is a crucial concept that we must take s...
The cost of capital influences investment decisions
In making investment decisions, firms must carefully consider the cost of capital. This concept represents the return that inve...
Innovation driven by corporate research and development
The process of innovation within large corporations is heavily influenced by the research and development activities that take ...