In northern and central Italy, most long-term business ventures were structured as

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In northern and central Italy, most long-term business ventures were structured as family corporations run by those within an extended family. This approach allowed for the pooling of resources and risks among family members, fostering a strong sense of mutual responsibility and trust, which was crucial for the success of these ventures in a time when formal legal and financial institutions were less developed.

In Northern and Central Italy, Most Long-Term Business Ventures Were