Ever wondered how the big companies actually work? Here's a quick breakdown! ๐ Business โ An umbrella term for any commercial entity. ๐ข Company โ A business that is its own legal entity. ๐ค Partnerships โ Owned & run by multiple people. ๐๏ธ Corporation โ A larger company that can issue shares ๐. ๐จโ๐ฉโ๐ง Parent & Subsidiaries โ Parent companies own & control smaller businesses. ๐ฆ Holding Company โ Owns assets but doesnโt engage in normal business. ๐ Shell Company โ Exists on paper but has no assets. ๐๏ธ Conglomerate โ A group with subsidiaries in different industries. ๐ Limited Liability โ Protects owners from company debts. โ๏ธ Antitrust โ Regulations to limit monopolies & cartels. ๐ฐ Cartel โ Independent companies teaming up to gain market power. ๐คฏ
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