Question

One of the first businesses to reflect the advantages and problems associated with the corporate structure was the ________ industry.

Answer 1

The correct answer is railroad.
Railroad industry provided many advantages when it was created in 18th century, the speed of transportation being the most obvious one. However, there were many disadvantages and problems to this as well, all of which became obvious quite rapidly at the time. Ultimately, the advantages outweighed the disadvantages, and the railroad industry only flourished.