BIG. SMALL AND INFINITESIMAL BUSINESSES

Production in a market economy takes place in a wide variety of business organizations-from the tiniest individual proprietorship to the giant corporation that dominate economic life in a capitalist economy.

There are currently more than 18 million different businesses in America. The majority of these are tiny units owned by a single person-the individual proprietorship. Others are partnerships, owned by two or perhaps two hundred partners. The largest businesses tend to be corporations, Tiny businesses predominate in numbers. But in sales and assets, in political and economic power, and in size of payroll and employment, the few hundred largest corporations dominate the economy.

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