Final answer:
Corporations are the form of business organization that generates the majority of business revenues and profits in the United States, outperforming sole proprietorships and partnerships.
Step-by-step explanation:
Business Revenues and Profits by Organization Type-
The organization that generates the majority of business revenues and profits in the United States is the corporation. While sole proprietorships are the most numerous form of business organization and are very easy to start and manage, they tend to bring in less revenue and profit when compared to corporations. On the other hand, corporations are large, often multinational entities that can sell shares to the public, which allows them to raise significant capital. This, combined with their ability to grow and take advantage of economies of scale, means that they commonly generate the most significant portion of business revenues and profits.
Partnerships involve two or more people and generally bring in more revenue than sole proprietorships but less than corporations. Corporations, due to their ability to amass large amounts of capital and their formal, legal structure, hold the advantage in generating revenue. This underscores why corporations, not sole proprietorships or partnerships, are indeed responsible for most of the business earnings within the economy.
While solo ventures and partnerships have merits, such as full ownership of profits and decision-making in sole proprietorships or shared responsibility in partnerships, the sheer financial and structural might of corporations makes them the primary economic force in terms of revenue and profit generation within the U.S.