The Rise of the Modern Company

The rise of the modern company is shaped by factors like technological innovation, globalization, and evolving financial systems. Advances in communication and transportation made it easier to manage larger organizations across regions, while new financial instruments supported growth and investment. These changes fostered a shift from small, local businesses to large, complex corporations that operate worldwide. Additionally, the need for specialized skills and efficient management led to formal structures and professional management teams. Overall, these developments transformed how businesses are created, run, and expand, fueling economic growth and shaping the modern economic landscape.