Define corporations, monopolies, conglomerates, and special-interest groups. Give an example of each. Explain how, from a political point of view, each can cause a specific social problem

What is an Ideal response?


• Corporations: businesses with a legal existence, including rights and liabilities, separate from that of their members
• Conglomerate: a giant corporation composed of many smaller corporations
• Monopoly: the domination of an entire market by a single company
• Special-interest groups: political alliances of people interested in some economic or social issue

Sociology

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Sociology