asked 71.9k views
4 votes
what was one advantage that corporations of the late 1800's had over individually owned businesses is that corporations?

asked
User Etuardu
by
8.5k points

1 Answer

4 votes
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.
answered
User Tom Davidson
by
7.9k points

Related questions

Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.