In terms of revenues and profits, the corporation is by far the most important form of business organization in the United States.

Question

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Corporations are responsible for generating the majority of the revenues and profits in the US economy, making them the most important type of business organization. This is due to their ability to raise large amounts of capital from investors, issue bonds and stocks, and establish a separate legal entity that can shield owners from personal liability.

In Terms of Revenues and Profits, the Corporation Is by Far