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Corporations Meaning: Definition, Examples, and Translations

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corporations

[หŒkษ”หrpษ™หˆreษชสƒษ™nz ]

Definition

Context #1 | Noun

business

Corporations are large companies or group of companies authorized to act as a single entity and recognized as such in law.

Synonyms

businesses, companies, firms.

Which Synonym Should You Choose?

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Word Description / Examples
corporations

Used to refer to large, well-established organizations, often with a complex structure and multiple divisions. Typically involve many employees and have a significant influence on the market.

  • Apple is one of the most profitable corporations in the world.
  • Many corporations have been affected by the economic downturn.
companies

Similar to 'businesses,' but often used to refer to legal entities engaged in commercial, industrial, or professional activities. It can apply to both small and large organizations.

  • The company has launched a new product line.
  • Many tech companies are based in Silicon Valley.
firms

Often used for professional services such as law, consulting, or accounting. Can refer to both small and large organizations but is commonly associated with professional expertise.

  • She works at a prestigious law firm.
  • Consulting firms are seeing an increase in demand for their services.
businesses

A general term that can refer to any kind of commercial activity, ranging from small local shops to large international companies. Suitable for everyday conversation.

  • Small businesses are crucial to the local economy.
  • Many businesses have shifted to online platforms.

Examples of usage

  • Many corporations have offices all over the world.
  • Corporations often have a board of directors to make key decisions.
  • Some corporations are publicly traded on the stock market.

Translations

To see the translation, please select a language from the options available.

Interesting Facts

Historical Origins

  • The first modern corporation is often considered to be the British East India Company, chartered in 1600.
  • Historically, corporations began as organizations for specific tasks, like trading or exploration, rather than profit-making.
  • By the late 19th century, many countries began establishing laws to regulate how corporations operate.

Science and Economics

  • Corporations are major contributors to economic growth and innovation, driving new technologies and job creation.
  • They often influence research funding, directing resources toward certain scientific fields, like medicine or technology.
  • The structure of a corporation allows for limited liability, meaning owners are not personally responsible for the company's debts.

Pop Culture

  • Movies like 'The Social Network' and 'Moneyball' showcase how corporations can drive success and failure in business.
  • Corporations often appear in video games, with players managing resources and building their virtual empires.
  • Popular television shows, such as 'Mad Men', explore the complexities of corporate culture in advertising during the 1960s.

Psychology

  • Corporate culture can significantly affect employee behavior and job satisfaction, impacting productivity.
  • The concept of 'corporate identity' emphasizes how a corporation is perceived through branding and marketing.
  • Research indicates that ethical practices within corporations can enhance overall employee morale and public image.

Origin of 'corporations'

Main points about word origin

  • The word comes from the Latin 'corporatio', which means 'a body' or 'group'.
  • The term started to be commonly used in English during the 16th century.
  • In legal terms, it defines an organization with its own rights, separate from the people who own it.

The concept of corporations dates back to ancient Rome, where they were considered legal entities separate from their owners. In modern times, corporations have become a dominant form of business organization, allowing for limited liability and perpetual existence. The rise of corporations has been closely linked to industrialization and globalization, shaping the modern economy and society.

Word Frequency Rank

At position #2,491, this word belongs to solid intermediate vocabulary. It's frequently used in both casual and formal contexts and is worth learning for better fluency.