SOC208H5 Study Guide - Final Guide: Ufo Conspiracy Theory, Crime Prevention, Indecent Exposure
Document Summary
A company or group authorized to act as a single entity recognized by law. Regulated company: 13th century, charter, monopoly trading for merchants. Joint stock company: 17th century, monopoly, but eventually partnerships. Greater demand to pool resources, encourage business, generate capital. Pool resources for economic + practical benefits. Economically + socially productive ventures: pooling for resources for recreation corporate ventures, not to worry every single thing that is going in the company because you are investing, there will be ppl taking care of the company. Few risks beyond investment: shareholders would not lose money beyond the amount invested, ca(cid:374)"t (cid:271)e sued pe(cid:396)so(cid:374)all(cid:455) (cid:894)i(cid:374)(cid:448)esto(cid:396)s(cid:895); sui(cid:374)g the (cid:272)o(cid:373)pa(cid:374)(cid:455) = (cid:272)a(cid:374) go (cid:271)a(cid:374)k(cid:396)upt. Encourage investors, spread of contributions across ventures. Liability to shareholders/owners: benefit some over others, environment costs, physical + emotional integrity of workers. Harm & accountability: recognition that companies are causing harm + no accountability. Corporations are designed to make a profit while delivering value to their shareholders.
