Tag: transaction costs

Company

Definition and characteristicsA company is a legal entity formed to conduct business, possessing distinct rights, responsibilities, and liabilities separate from its owners, enabling efficient resource management and long-term organizational continuity.Types…

Company

Definition and typesA company is a legal entity formed to conduct business, ranging from sole proprietorships to multinational corporations, each type offering distinct structures, liabilities, and regulatory obligations.Historical developmentFrom medieval…