What dramatically changed the nature of corporations from government entities controlled by government to private business operated by internal management?

Question

What dramatically changed the nature of corporations from government entities controlled by government to private business operated by internal management?​

Quizplus · Accepted Answer

The industrial revolution dramatically changed the nature of corporations from government entities controlled by government to private business operated by internal management. Before the industrial revolution, corporations were mostly state-owned and were primarily involved in providing public services, such as building roads and bridges. With the advent of the industrial revolution, large corporations emerged in the private sector, driven by profit motive, and run by internal management. This marked the shift from corporations being controlled by the government to being driven by private business interests.

What Dramatically Changed the Nature of Corporations from Government Entities