Conglomerates and Market Domination

To begin with, a corporation is indeed a legal entity that has a separate entity from the owners who are termed as stockholders. On the other hand, a public corporation is indeed a body that is created by the special Parliament Act that defines the duties, power, privileges as well as the pattern of management of the organization. Its key characteristic is that a public corporation is essentially meant to render services, and the making of profits is secondary to its visions and goals.

——————————Middle of paper—————————————

Indeed, this is a better way of creating and maintain virtuous and ethics as citizens are given sufficient information so as to make informed decisions for a functioning and free democracy that may be threatened by the increased concentration of ownership.

References
Shah, A. (2009). Media conglomerates, mergers, concentration of ownership.Global Issues.

  • Length: 512 Words (1)
  • Rating:Better Essays
  • Price: $5