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The stage of corporate capitalism that is dominated by large firms run by individual entrepreneurs or their family members and passed on to their descendants is:
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The stage of corporate capitalism that is dominated by large firms run by individual entrepreneurs or their family members and passed on to their descendants is:

User Mahdi Azadbar
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1 Answer

2 votes

Answer:

Family Capitalism

Step-by-step explanation:

In family capitalism, large business are controlled by family members and passed down to descendants. Examples are; Continental AG owned by Schaeffler family, LG Corporation owned by Koo and Huh families, Reliance Industries owned Ambani family and Walmart amongst others.

User Kooshka
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