Origin of Corporation

dimpy.handa

Dimpy Handa
Early corporations of the commercial sort, such as the Dutch East India Company were formed under frameworks set up by governments to undertake tasks which were too risky or too expensive for individuals or the governments to embark upon.
Kenneth Pomeranz, an economic historian, argues that the need to perform pseudo-governmental operations such as the waging of war was the reason this economic structure developed in Europe and not in China or the Middle East.
 
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