The corporate form of business has facilitated the rapid growth of development by allowing businesses to attain economies of scale compared to other forms of businesses by:

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Businesses organized as corporations can attain such economies of scale because they have a greater capacity to raise capital than do other business forms.This is ensured by corporation law,which allows persons to invest their money in a corporation and become owners without imposing unlimited liability or management responsibilities on themselves.Modern incorporation statutes are mostly enabling,granting the persons who control a corporation great flexibility in establishing,financing,and operating it.

The Corporate Form of Business Has Facilitated the Rapid Growth