Final answer:
The concept of stakeholders has evolved from being limited to certain entities to encompass a wider range of individuals who have an interest in a business's operations.
Step-by-step explanation:
The concept of stakeholders has evolved over time, expanding from being limited to owners, government, and labor to encompass individuals or groups beyond traditional entities.
Initially, stakeholders referred to a narrow group of shareholders who invested capital and owned a portion of a corporation.
However, the term now includes a wider range of individuals who are affected by a business's operations, such as employees, customers, communities, and more.