Why is it important to understand CORPORATIONS as a tool to understand the global economy?
Corporations are a big part of the economy and how it functions or stays afloat. First, the growth of these corporations is typically measured in economic terms — profits, assets, number of employees, and stock prices. But their impact is also political — they can determine policy such as taxes. With the growth of corporations and innovation with a company such as Apple or Google, they provide jobs, and with more money they can pay the workers better and can put more money back into the economy by buying products with lower prices and better quality. For example, starting from 1990, there were 125,000 thousand jobs and now there are over 161,000.
